ANZ flags international peer CET1 comparison in annual results
ANZ Banking Group (ANZ) published its results for the year ending September 30 2015 on October 29. The bank disclosed a common-equity tier-one (CET1) ratio of 9.6 per cent, and also highlighted its claim to have a stronger capital position than a range of global peer banks on a like-for-like basis.
NAB's annual results highlight capital leap ahead of expected erosion
Annual results released on October 28 by National Australia Bank (NAB) highlight the impact of the bank's A$5.5 billion (US$4.0 billion) equity raising in May. NAB also expects to add approximately 50 basis points more to a common-equity tier-one (CET1) ratio which had reached 10.2 per cent by the end of September this year, ahead of events which will reduce the position significantly.
Post-deal insights: government sector in trans-Tasman issuance blast
Local and offshore demand for Australian and New Zealand high-grade issuance has not been tempered by global volatility, according to the issuers of A$6.5 billion (US$4.7 billion) equivalent in a trio of deals. The local government and semi-government issuers say the transactions afforded up-to-date insights into investor views on Australia and its links to China.
Australian government's FSI response endorses APRA on capital and promises retirement-income changes
The Australian government delivered its response to the financial-system inquiry (FSI) on October 20, accepting virtually all the inquiry's recommendations – including all those relevant to debt markets. The response offers a ringing endorsement of the Australian Prudential Regulation Authority (APRA)'s path on bank capital requirements and lays out an agenda for provision of retirement income within the superannuation system.
Post-deal insights: CommBank tests domestic waters following market upheaval
Commonwealth Bank of Australia (CommBank) found an accommodative launch window for its first three-year domestic deal in three years against a backdrop of global volatility. Accessing the local market provided a pricing advantage, the issuer adds, thanks to a clear differential between local and offshore new-issue concessions.