AUD domestic market back behind Suncorp tap
Suncorp Metway (A+/Aa3) (Suncorp) reopened the Australian domestic market on June 18, pricing a A$300 million (US$283.38 million) increase to the floating tranche of the 2011 maturity fixed and floating bond it initially brought to market on May 21 this year.BNZ creates kauri forest based on Kauri bonds
Bank of New Zealand (BNZ) and nabCapital are to commemorate past and future Kauri bond issues through the planting of the iconic native tree in the North Island of New Zealand, to create the BNZ Kauri Forest.To-and-fro at ANZ & Westpac in New Zealand
ANZ and Westpac Banking Corporation (Westpac) have seen an exchange of staff in New Zealand with two debt markets executives crossing the floor between the two firms. Westpac will have a new head of debt and hybrid securities in Auckland as Nick Howell joins the bank from his former position at ANZ in London.Mixed RMBS news but Macquarie forges ahead in ABS
A June 17 report from Moody's Investors Services (Moody's) has highlighted negative trends in the Australian housing market, but mixed sentiment has not prevented Macquarie Group from pricing both a low-doc RMBS and an auto loan-backed transaction earlier this month, the latter upsized by over A$500 million (US$471 million).
League tables static as deal flow dries up
With minimal deal activity on both sides of the Tasman Sea, the Kauri market produced greater volume than either the Kangaroo or Australian domestic businesses. Bank of New Zealand and TD Securities (TD) shared the top line of this week's new Kauri transaction but volume was not enough to dislodge ANZ from the top of the league table.