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Latest Australian Finance News

NAB Announces Debt Repurchase Plan

Australian banking major, National Australia Bank (NAB) is taking advantage of the drop in prices of its own bonds as a result of the global credit crisis, and using the opportunity to repurchase US$250 million of its own long term debt at two thirds of its face value.
>> Read the full story


International Kangaroo Bond Issuers Find Australian Debt Market Increasingly Expensive

International issuers from Asia, Europe and the US are finding the costs of issuing Australian dollar denominated debt known as "kangaroo bonds" are rising as a result of having to compete against Triple A rated sovereign guaranteed debt being issued by domestic Australian banks.
>> Read the full story


Westpac Expects Further Pressure On Loan Portfolio

Australian banking major Westpac Banking Corporation has said that it expects to see further pressure on its consumer loan book as rising unemployment takes its toll and causes credit impairments to rise.
>> Read the full story


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