Philip Bayley

Fitch Ratings released its latest bank ratings performance study late last week, noting the links between defaults and bank failures. read more

Debt issues by Commonwealth Bank, Toyota Australia Finance, Bank of Tokyo-Mitsubishi and MyState Bank over the past week indicate that spreads are narrowing. read more

Mortgage-backed securities have been out of fashion this year. AMP Bank bucked the trend last week. read more

Borrowing by banks from foreign investors is steaming along in 2016. Corporates are shirking this source of debt capital. read more

Data on large exposures, bank liquidity and loan to valuation ratios at each bank may see the light of day under RBNZ plans. read more

A change to New Zealand's tax treatment of hybrid securities would have serious implications for investors in Commonwealth Bank's PERLS VIII notes. read more

Commonwealth Bank (rated AA-) chose the end of the month to become the last of the Big Four banks to hit the US s144A market with a jumbo raising since the beginning of July. read more

New rules limiting the distributions banks can make if their common equity tier one capital ratio falls below buffer requirements could mean holders of bank hybrid notes might receive only partial dis.. read more

A new type of non-financial subordinated debt instrument was shown to the market yesterday, for logistic services provider Qube Holdings Limited. read more

ANZ trots after CBA into one-year bank bond sales. These are rare. As for the spreads needing to be paid, they are a little exceptional. read more