KangaNews Fixed Income Research Survey 2011 – results announced
KangaNews has announced the best performers in its inaugural Fixed Income Research Survey, in which Australian investors were asked to recognise the performance of fixed income research across nine categories. Over 30 investment firms participated in the survey, representing the bulk of major institutional investment funds in the Australian market across the fund management, insurance and balance sheet sectors.
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Oversubscription leads to tighter price on Fonterra's Dim Sum debut [UPDATED]
The coupon on
Fonterra's (A+/AA-) debut in the Dim Sum market – which was also the first such bond to be placed by an Australasian corporate issuer – was tightened by 10 basis points on the back of nearly six times oversubscription, sources familiar with the deal say. While transaction size was limited by the scale of Fonterra's mainland China operations, the issuer expects the market to grow substantially in the coming years.
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