Briefs: Suncorp prices subordinated notes, more fund manager interest in RMBS 21 September 2023 4:46AM Latest news Banking Day staff Suncorp Group has priced an issue of floating rate subordinated notes, raising A$600 million at a margin of 235 basis points over the three-month bank bill swap rate. read more
RBA balances super low rates and ‘progress towards full employment’ 16 October 2020 5:38AM Latest news Ian Rogers The RBA “does not expect to be increasing the cash rate for at least three years,” the governor Philip Lowe made clear yesterday, fanning the belief that that a cash rate easing (to c10 bps) is near c.. read more
Briefs: Auswide sub debt, YBR buyback, CreditorWatch appoints economist, NZ payment policy expected 08 September 2020 6:28AM Latest news Banking Day staff Auswide Bank has completed a A$12 million tier 2 subordinated debt issue, paying 395 basis points over the bank bill swap rate. read more
Westpac broadens funding task to AUD sub-debt 14 September 2017 4:42PM Debt capital markets Bernard Kellerman S&P Global Ratings has assigned a BB+ issue credit rating to the A$1.25 billion Additional Tier 1 capital securities that Westpac (rated AA-/Negative) has proposed to issue out of its New Zealand.. read more
Brief: ANZ issues new sub debt 01 September 2017 4:32PM Debt capital markets Banking Day staff ANZ has priced an A$225 million Australian dollar denominated Tier 2 subordinated transaction. read more
Briefs: IMB dips into sub debt, AMP upsizes RMBS, Mortgage Choice momentum 22 May 2017 4:04PM Briefs Banking Day staff IMB Ltd dipped into the hybrid pool on Friday, selling A$40 million via a subordinated tier two and Basel III-compliant floating rate note. read more
PERLS hybrid priced 01 March 2017 5:09PM Debt capital markets Bernard Kellerman CBA has announced the terms of its next tranche of Tier 1 hybrid capital notes intended to raise A$750 million, which will be used to fund the CBA Group's business. read more
Briefs: NAB compensates for poor advice, Mortgage broker commissions exceed $1 billion, Suncorp's AA 29 September 2016 3:00PM Briefs Banking Day staff Mortgage brokers earned A$1.1 billion in commissions in the year to June, according to Digital Finance Analytics. read more
Briefs: NAB issues A$800 million of subordinated notes, Pepper appoints head of Australian mortgages 22 September 2016 3:59PM Briefs Banking Day staff NAB and MyState issue subordinated notes, Maleny CU searches for a new model and Pepper appoints a new head of mortgages. read more
A real subordinated debt issue 31 August 2016 4:33PM Debt capital markets Philip Bayley A new type of non-financial subordinated debt instrument was shown to the market yesterday, for logistic services provider Qube Holdings Limited. read more
Westpac's first NZ sub-debt issue 27 July 2016 4:26PM Debt capital markets Philip Bayley Westpac Banking Corporation is about to undertake its first Basel III compliant, Tier 2 subordinated debt issue in New Zealand. The Bank is looking to raise up to NZ$250 million but says it will accep.. read more
Briefs: NAB appoints customer advocate, ANZ issues Yen notes, mutuls back fintech startup lab 12 July 2016 4:15PM Briefs Banking Day staff National Australia Bank has established the role of independent customer advocate to help retail and small business customers resolve complaints. read more
Briefs: ASIC to file rate rigging claim against NAB, Apple Pay's teething troubles, FinTech Australi 03 June 2016 3:39PM Briefs Banking Day staff ANZ's Apple Pay service has suffered some teething problems since its launch last month, Reuters reports. read more