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Showing 451 - 460 of 468 results for "Tier"

St George Bank announces $580 million US subordinated notes issue

... expected to mature on 15 October 2015. The Australian Prudential Regulation Authority (APRA) has said the notes will qualify as Tier 2 capital for St George Bank. Standard and Poor's are expected to give an A- rating to the notes, whilst Moody's has ...

NAB and St George access offshore credit markets

AAP  |  THURSDAY, 9 OCT 2003
... shape, partly due to limited issuer supply. St George Bank Ltd launched a $US400 million 5.3 per cent 12-year 144A lower tier 2 subordinated debt transaction at a re-offer spread of 110 basis points over the August 2013 US Treasury note via Goldman Sachs ...

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 ...