-
BHP Billiton Ltd., the world’s biggest mining company, sold A$1 billion ($1.02 billion) of bonds in its first offering of debt in Australian dollars in more than a decade.
-
Australian banks increased their advantage in credit-default swaps over global peers this quarter by the most in two years as bad loans fell and lenders led by Commonwealth Bank of Australia cut overseas borrowings.
-
The record A$31.1 billion ($32.6 billion) of bonds coming due next month is fattening investors’ wallets as demand for corporate debt drives relative yields to the lowest levels in three years.
-
Goldman Sachs Group Inc. is returning to Australia’s bond market for the first time since 2006 to take advantage of relative yields on financial debt hovering at about the lowest level in three years.
-
Bond investors seeking refuge from Europe’s sovereign debt crisis are finding Australia’s banks safer than their global peers, even after the top four lenders’ credit ratings were downgraded last month.
-
Rio Tinto Group, the world’s second-biggest mining company, took advantage of near record-low yields to cut debt costs as company bond sales in the U.S. this month swell to $40 billion while Australia’s market slows.
-
Australian borrowers are selling the fewest bonds at home since May 2010 as yield premiums on corporate and state notes hit the highest in at least two years on concern Europe’s crisis will freeze global credit markets.
-
Bonds of Australian banks are outperforming overseas peers by the most in almost two years as surging profits help them weather concerns the European debt crisis that began in Greece will derail the global economy.
-
National Australia Bank Ltd.’s New Zealand unit sold its first covered bonds in Australia, cutting funding costs as the market for the asset-backed securities grows to a record.
-
The U.S. Justice Department filed a complaint against Healthpoint Ltd. accusing it of seeking reimbursement from Medicare and Medicaid for an unapproved prescription skin-care drug.
Rate this Page