BondAdviser Ratesheet as at 1 July 2016
Click here to access the BondAdviser Ratesheet as at 1 July 2016
Click here to access the BondAdviser Ratesheet as at 1 July 2016
Click here to access the BondAdviser Ratesheet as at 30 June 2016
Click here to access the BondAdviser Ratesheet as at 28 June 2016
Click here to access the BondAdviser Ratesheet as at 28 June 2016
Click here to access the BondAdviser Ratesheet as at 27 June 2016
Following Britain's recent decision to leave the European Union, we expect monetary easing to be on the agenda for most central banks. While countries such as the UK and Japan have already used most of there firepower, Australia still has room to move at the current cash rate of 1.75%. With the possibility of deflation already pressuring the RBA into [...]
Click here to access the BondAdviser Ratesheet as at 24 June 2016
Click here to access the BondAdviser Ratesheet as at 23 June 2016
Since 1 January 2013 all Australian Banks regulated by the Australian Prudential Regulation Authority (APRA) have issued hybrid securities (also known as Additional Tier 1 (AT1) capital securities) that include terminology called a non- viability trigger event which is designed to absorb losses in a time of stress while the bank is still a going concern. These loss-absorption triggers allow [...]
The Elders Hybrid (ASX: ELDPA) story is an interesting one as it highlights the complexity of capital management. Following Elders’ announcement last week to undergo an equity capital raising to facilitate the on-market buy-back of its outstanding hybrid securities, we believe it is a good opportunity to revisit Elders’ recent history for future reference in regards to perpetual securities. The [...]