With the recent announcement by Fitch Ratings of downgrades of the major banks long term credit ratings and Standard & Poors putting Australia’s sovereign rating on negative outlook we thought it would be worth updating our clients on how this, together with...
Laminar Capital has again been successful in placing subordinated debt on behalf of Auswide Bank. The $13 million issue qas over subsribed at a margin of 480 basis points over the relavent BBSW and replaces an existing Tier 2 maturity. ABA Press Release
With the US economic growth tipped to outpace the Australian economy, the local bond market may present a buying opportunity before yields stop following the US market higher, especially if the domestic economy does head into a recession. Laminar’s Chris Black...
