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Showing 451 - 460 of 466 results for "Tier"

Macquarie Bank buys into UK water firm for $948m

AAP  |  THURSDAY, 2 OCT 2003
... Ward added that the impact on Macquarie's capital position was not significant and there was not expected to be any material Tier 1 capital deduction. Macquarie said SEW had a regulatory asset base of $1.067 billion as at March 31, 2003. SEW services ...

NAB to issue STG400 million Tier-1 capital

National Australia Bank Ltd (NAB) said today that it would soon issue STG400 million ($A972.8 million) in Tier One trust Preferred Securities. The security will carry a coupon of 5.62 per cent - 93 basis points over the benchmark United Kingdom security. ...

Adelaide Bank raises $50 million through share placement

... institutional placement of approximately six million new ordinary shares, and the capital raised will be used to increase the bank's Tier 1 capital and to fund the continued growth in its operations. "We are delighted with the extremely positive response ...

ACCC to target property investment marketing exercises

WITH AAP  |  TUESDAY, 2 SEP 2003
... Competition and Consumer Commission (ACCC) said it had directed extra resources to a new real estate offensive targeting two-tier marketing, advice given by financial consultants, unconscionable conduct by financial institutions, and seminars. "The ACCC ...

Fitch affirms Bank of Queensland ratings

... capital base to pre-acquisition levels; these will include a $60 million underwritten issue of common equity, a $25 million Tier 1 preference shares issue and a $30 million Tier 2 subordinated debt issue. UFFA's receivables are primarily funded through ...

Moody's assigns A2 rating to ANZ $750 million issue

... said the notching convention is consistent with Moody's rating methodology for rating debt securities. Typical of Hybrid Tier 1 securities, the principal and interest payments of the issue may be limited under certain circumstances. Furthermore payouts ...

S&P assigns A-minus long-term rating to ANZ StEPS issue

... ability to accept over-subscriptions for up to A$250 million. ANZ is rated AA-minus/stable/A1-plus. S&P said the StEPS are Tier 1 qualifying stapled securities, consisting of a note issued by ANZ Holdings (New Zealand) Ltd and a fully paid up preference ...

Moody's rates Westpac trust preferred securities issue

... priority. It said the notching differential is consistent with Moody's methodology for rating debt securities. Typical of Hybrid Tier 1 securities, the payouts for the issue are non-cumulative and may be limited under certain circumstances. If implemented ...

CBA to conduct US roadshow to evaluate hybrid security interest

WITH AAP  |  MONDAY, 28 JUL 2003
... today it would conduct a roadshow in the US this week to evaluate institutional investor interest in a possible US dollar tier one-hybrid security issue. The bank said the timing of the roadshow had been driven by the current strong state of global credit ...

Adelaide Bank expresses concern at APRA policy paper

... the detail in relation to the proposed changes, it is Adelaide Bank's belief that any changes could potentially impact on Tier one capital, especially for smaller financial institutions," the bank said in an ASX statement. Adelaide Bank said it expects ...