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Showing 21 - 30 of 51 results for "Bank bill swap rate"

ANZ and ASIC settle over BBSW case

DARREN SNYDER  |  MONDAY, 23 OCT 2017
... Commission have reached a confidential and in-principle agreement to settle court action relating to the Australian bank bill swap rate market. This morning ASIC asked the Federal Court to stand down an impending trial for 48 hours. It will allow ANZ ...

ANZ ready to fight ASIC over BBSW

MARK SMITH  |  MONDAY, 7 MAR 2016
... launched its legal case against the bank in the Federal Court in Melbourne for market manipulation of the bank bill swap rate, a key interest rate used to determine the cost of inter-bank lending, in the period March 2010 to May 2012. A statement released ...

XTB floaters listed on ASX

LAURA MILLAN  |  THURSDAY, 12 NOV 2015
... floaters is that the coupon moves up and down over time in line with a specified benchmark rate, such as the bank bill swap rate (BBW). A rise in interest rates may result in a fall in the price of a fixed coupon bond, but the holder of a floater would ...

CML launches $25m corporate bond issue

LAURA MILLAN  |  THURSDAY, 7 MAY 2015
... said. The 6-year floating rate senior secured issue will initially pay a margin of 5.40% above the 30-day Bank Bill Swap Rate which amounts to a coupon rate of 7.55% at current market rates, FIIG confirmed. CML Group was founded in 2002 and delivers ...

VicSuper awards $100M absolute return mandate

LAURA MILLAN  |  THURSDAY, 29 JAN 2015
... Payden & Rygel (P&R) absolute return strategy, which aims to generate returns of 2% above the 3 month AFMA Bank Bill Swap Rate over the medium term. This is the second mandate VicSuper has awarded to P&R in the past three years. The manager first received ...

ANZ to launch $750m hybrid capital offer

LAURA MILLAN  |  TUESDAY, 27 JAN 2015
... purposes. ANZ expects that the margin of the offer will be between 3.6% and 3.8% per annum, above the current bank bill swap rate. The offer for ANZ securities holders and Australian residents will close on February 26, 2015, while the offer for broker ...

Ratings downgrade to trigger hybrid sell-off

MARK SMITH  |  THURSDAY, 25 SEP 2014
... not being fairly compensated for the associated risks." "The recent CBA Perls issue was done at 2.8% over bank bill swap rate (being about 5.4%pa). Bank hybrids in Europe are trading at around double this level, but even if at the lowest end of the European ...

RBS enters enforceable undertaking

STAFF WRITER  |  TUESDAY, 22 JUL 2014
... Scotland has entered an enforceable undertaking in relation to "potential misconduct" involving the Australian Bank Bill Swap Rate (BBSW), the Australian Securities and Investments Commission (ASIC) has announced. RBS will also voluntarily donate $1.6 ...

BNP Paribas enters EU with ASIC

LAURA MILLAN  |  WEDNESDAY, 29 JAN 2014
... Securities and Investments Commission (ASIC) in relation to potential misconduct involving the Australian Bank Bill Swap Rate (BBSW). In November 2012, BNP reported to ASIC that it had found conduct indicative of seeking to influence its BBSW submissions ...

Private debt gets 'time in the sun'

MELANIE TIMBRELL  |  TUESDAY, 15 MAY 2012
... investment manager. Financing of commercial property has seen spreads widen from around 60 basis points over the bank bill swap rate pre-GFC to approach almost 400 basis points, according to Warwick Boys, general manager and head of institutional business ...