Corporate bonds (79 items)

Briefs: Moore's irrelevance, and RBA tone softens

We've worked out readers find our news briefs pretty useful. Some days the briefs get more readers than views on the lead article and hits on other stories the editors thought warranted more time and length.Today's collation picks the best of the routine news flow since Friday morning. Old hat if you're a heavy business news consumer. It's a service for others. (And even select tasters for Monday's edition of Banking Day.)The routine news flow - thanks to the Fairfax strike since Wednesday - had a different calibre on Friday and today. Our brief on the RBA missive of the day, its Statement on Monetary Policy and its muted media reception elaborates. read more

Kiwibank 'cannot settle' priced bond

Kiwibank yesterday evening alerted debt investors it "cannot proceed with the settlement" of a A$175 million, ten-year bond priced (as in 'agreed') only last week.Maybe the bank meant it simply 'no longer wants to borrow', or perhaps, a more drastic view, it 'cannot borrow' without the recently removed New Zealand government guarantee.Whatever the rationale, it was too compromising for anyone at Kiwibank to explain to either ANZ or the bank's investors, let alone clarify anything for Banking Day.This episode casts the spotlight on a little scrutinised bank with an abundance of operational risks to manage. read more

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