Petice proti obsazení resortu školství Jihočeského kraje KSČM

NG prices $800m RMBS
PUBLISHED: 29 Mar 2012 12:13:57 | UPDATED: 29 Mar 2012 12:26:34

Jonathan Shapiro
Share Links:

ING Direct has priced the year’s first residential mortgage backed securitisation (RMBS) of the year - a $800 million raising with the AAA rated Class A1 notes pricing at a margin of 145 basis points over the bank bill rate. The deal was increased from an initial launch size of $500 million.

The transaction was arranged by Macquarie Bank. ANZ Banking Group, National Australia Bank and Macquarie acted as joint lead managers.

The Australian Office of Financial Management invested $200 million in the Class A1 notes as part of its $20 billion investment in RMBS

ING last tapped the RMBS market in November it paid 135 basis points for AAA rated Class A notes and before that it paid 110 basis points in June 2011. Today’s transaction is ING’s fourth RMBS issue.

Hastings closes Epic debt deal
PUBLISHED: 27 Mar 2012 03:28:00 | UPDATED: 29 Mar 2012 01:59:37

Angela Macdonald-Smith
Share Links:

Hastings Funds Management has confirmed the completion of a $1.375 billion debt refinancing for Epic Energy, easing the way to a takeover by APA Group if competition hurdles can be resolved and a revised price agreed.

The deal on Epic’s debt, foreshadowed last month, clears one of the conditions in the pipeline operator’s cash and scrip bid for the almost 80 per cent of Hastings Diversified Utilities Fund that it does not already own.

The bid, which values HDUF, including debt, at about $1.8 billion, has been rebuffed by Hastings board as “opportunistic and entirely inadequate”.

In a letter to shareholders last week, Hastings Funds chairman Alan Cameron noted that APA’s offer is “still highly uncertain” and subject to 15 conditions, including approval by the Australian Competition and Consumer Commission.

He said that as of March 19, APA had obtained acceptances for only 0.4 per cent of HDUF’s securities since the offer was announced. The offer is due to close on April 30, after having recently been extended by a month.

APA has also waived several takeover conditions including that it was not subject to a change of control and the completion of certain contracting milestones, which have since been met.

APA has offered 0.326 of its shares plus 50¢ for each HDUF security, valuing the target’s equity originally at $2 per share, or about $841 million.

The value of the offer has since risen to $2.11 as of Monday’s close, still below HDUF’s close of $2.16.

But managing director Mick McCormack hasn’t ruled out an increase in the offer, depending on the ACCC findings, due to be released on Thursday.

Some expect the regulator to insist APA sell its stake in the SEAgas pipeline between Victoria and South Australia as a condition of the takeover.

The new debt simplifies HDUF’s balance sheet, but break fee terms on the lending still breach the APA conditions.

The debt consists of three tranches, including an 18-month facility of $250 million, a $720 million three-year term facility and a $355 million four-year facility, as well as a $50 million three-year capital expenditure facility.

ANZ, Commonwealth Bank, JPMorgan, National Australia Bank, Royal Bank of Canada and Westpac were originally the only lenders in the group but they have since been joined by Sumitomo Mitsui Banking Corporation and Bank of Tokyo-Mitsubishi UFJ. That allowed the 18-month debt facility to be reduced to $250 million from $425 million.

Hastings said on Monday that the completion of the refinancing has immediate benefits, including reduced interest costs, giving a boost to cash flows.
Macquarie hybrid raising falls short
PUBLISHED: 22 Mar 2012 10:30:58 | UPDATED: 29 Mar 2012 01:59:29

Jonathan Shapiro
Share Links:

Related Quotes

MQG

MACQ GROUP FPO (MQG)

$33.680
$0.00
(0.00%)

Volume 0 Value 0.0

5 Year
1 Day

as at 16:10 Australia/Sydney 11 DEC 2012

View Full Quote »
Company Profile
Non-operating holding company for consolidated entity - financial services provider of banking, financial, advisory, investment and funds management services.
www.macquarie.com.au
Capital Markets (402030)
ASIC 122169279
ASX Announcements
11/12/12 Appendix 3B
07/12/12 Macquarie CPS Distribution Rate
03/12/12 Macquarie Group Employee Share Plan Proposed Purchase
26/11/12 Appendix 3B
23/11/12 MACQUARIE NOTES DUET GROUP'S ANNOUNCEMENT

View All Announcements »
See Also

People
Analysis
Financials

Macquarie Bank announced on Thursday that it raised $US250 million of hybrid capital via an issue of securities, less than half the $US500 million amount it said it planned to raise in a statement earlier this month.

The issue executed out of Macquarie Bank’s London branch formed part of its Tier I capital under new Basel III regulation and will be quoted on Singapore’s stock exchange. It is understood the issue was marketed to sophisticated investors and private bank clients in Europe and Asia.

The raising was beset by two negative rating actions taken against parent Macquarie Group’s senior debt ratings, by Fitch Ratings and Moody’s Investors Service.

Sources said the pricing was set at a guidance of 1 to 2 per cent above the trading value of its previously issued “PMI” US-dollar hybrids, which paid a rate of about 8.5 per cent. The final price was set at 10.25 per cent. The rate has a reset date of June 2017, and every five years thereafter. Macquarie Group and Macquarie Bank cannot pay dividends on their common equity if they fail to make distributions in the hybrid.

Macquarie, HSBC Holdings, Credit Suisse and JPMorgan had roles on the deal.
Wesfarmers launches Aussie bond issue
PUBLISHED: 21 Mar 2012 09:09:52 | UPDATED: 29 Mar 2012 01:59:20

Jonathan Shapiro
Share Links:

Related Quotes

WES
WOW

WESFARMER FPO (WES)

$36.280
$0.00
(0.00%)

Volume 0 Value 0.0

5 Year
1 Day

as at 16:10 Australia/Sydney 11 DEC 2012

View Full Quote »
Company Profile
http://www.wesfarmers.com.au/
Food & Staples Retailing (301010)
ASIC 008984049
ASX Announcements
04/12/12 Kmart Investor Site Tour
30/11/12 Appendix 3B - Reclassification of Partially Protected Shares
28/11/12 Appendix 3B - Employee Share Plan
23/11/12 Extension of WES Partially Protected Shares Lapse Date
16/11/12 Advance Notice - Management Briefing on Kmart Division

View All Announcements »
See Also

People
Analysis
Financials

Perth based conglomerate Wesfarmers launched a seven-year $400 million bond raising in the domestic wholesale market on Wednesday.

The A-rated owner of the Coles supermarket chain is marketing the fixed-rate 6.25 per cent bond issue at a margin of 165 basis points over the bank bill rate. Australia and New Zealand Banking Group, Commonwealth Bank of Australia, National Australia Bank and Westpac Banking Corp are managing the sale.

The transaction follows a $500 million issue by rival retailer Woolworths , which priced its seven-year deal at a margin of 155 basis points over the bank bill rate.

Wesfarmers conducted an investor roadshow to European bond investors earlier in the year but had not proceeded with a transaction, until now. While there is still strong demand for Australian corporate bonds in offshore markets, cross-currency derivative costs are rising as the providers of hedging contracts are forced to hold more capital against contracts. This is forcing up the cost of offshore raisings, which in turn increases the competitiveness of the domestic bond market.

Wesfarmers is the third non-financial company to issue bonds so far this month following Woolworths’s transaction, and a $250 million three-year bond issue from Holcim (Australia). The raising will take total issuance in the domestic market to around $6.6 billion for March, the busiest period of issuance in 12 months.
IAG hits hybrid market with $350m offer
PUBLISHED: 19 Mar 2012 12:28:18 | UPDATED: 29 Mar 2012 01:59:08

Jonathan Shapiro
Share Links:

Related Quotes

IAG

INSUR.AUST FPO (IAG)

$4.800
$0.00
(0.00%)

Volume 0 Value 0.0

5 Year
1 Day

as at 16:10 Australia/Sydney 11 DEC 2012

View Full Quote »
Company Profile
Provider of general insurance, including full range of personal and commercial insurance products.
www.iag.com.au
Insurance (403010)
ASIC 090739923
ASX Announcements
29/11/12 IAG announces Board appointment
08/11/12 Change of Director's Interest Notice
01/11/12 Convertible Preference Share Dividend Rate
26/10/12 IAG announces subordinated debt initiatives
23/10/12 2012 AGM Poll Results

View All Announcements »
See Also

People
Analysis
Financials

Insurance Australia Group has launched a $350 million hybrid securities today. The transaction flagged in AFR’s Street Talk column is part of a refinancing of the group’s existing $350 million reset preference share issue due to be reset in June this year. The proceeds will be used to fund the buy back of these securities.

UBS and Macquarie Group are structuring advisors while Goldman Sachs, Macquarie Group, National Australia Bank and Westpac were appointed joint lead managers on the offer.

The raising comes after a recent flood of hybrid issuances totalling more than $3.7 billion, some of which will settle and begin trading on the ASX this week.

IAG’s convertible preference share offer is similar to recent major bank convertible preference share offers which convert to common equity in certain circumstances in order to qualify as Tier I capital under new regulation.

IAG, the A+ rated insurer, has included a trigger that converts the securities into preference shares if the Australian Prudential Regulation Authority deems the company to be non-viable without the conversion.

IAG’s offer will convert to common stock after seven years but the company can redeem the securities after five years. They will pay a rate of 400 basis points over the bank bill rate and distributions will be eligible for franking credits.

“In our view, the proposed margin of 400 basis points looks reasonably attractive relative to other recent security issues. We believe the premium being offered to the existing IANG security – trading margin of 373bps [basis points] – which has a similar maturity date of 15 Dec 2019, is fair given the differing security characteristics, and the fact that the new security could potentially be called at the five-year mark,” said RBS Morgans analyst James Lawrence.

IAG’s raising is the sixth hybrid securities raising so far this year following transactions from Australia and New Zealand Banking Group, Tabcorp Holdings, Westpac Banking Corp, Colonial First State Investments and AGL Energy, bringing the total raised to around $5 billion.

The rush of deals has pressured margins of existing listing hybrid securities creating what Bell Potter Securities analyst Damien Williamson believed to be compelling buying opportunities in securities such as Commonwealth Bank of Australia’s PERLS III issue which has an effective yield to maturity of 500 basis points over the bank bill rate, and a yield to maturity of close to 24 per cent for Goodman Group’s hybrids which have a redemption date of March 2013.
Woolies launches $500m local bond
PUBLISHED: 14 Mar 2012 10:59:51 | UPDATED: 29 Mar 2012 01:59:01

Jonathan Shapiro
Share Links:

Woolworths has today launched a $500 million seven-year bond into the local market. The offer by the A-rated retailer is being marketed at a rate of 160 basis points over the bank bill rate.

The bond issue is Woolworth’s first in the domestic bond market since it issued $500 million of five-year bonds in March 2011 when it paid a margin of 105 basis points over the bank bill rate.

Woolworths has also raised $800 million through a syndicated bank loan in November 2011, and $700 million through an ASX-listed hybrid security in October. Woolworths also raised $US1.25 billion in September 2010 through a US bond issue.
Westpac sells $2 billion in local bonds
PUBLISHED: 07 Mar 2012 11:17:20 | UPDATED: 29 Mar 2012 01:58:46

Paulina Duran
Share Links:

Westpac Banking Corporation tapped the local wholesale bond market for $2 billion on Tuesday, paying 164 basis points for five-year debt, almost the same price that Commonwealth Bank of Australia paid on the same day to issue covered bonds in the US.

Westpac sold $1.2 billion of floating rate notes and $750 million in fixed-rate bonds that pay a 6 per cent coupon. The bonds priced to yield 240.5 basis points over government benchmark rates.

Less than 24 hours earlier, CBA sold a massive $US4 billion in bonds, including $US2 billion in five-year covered bonds that priced to yield about 165 basis points when converted to Australian swap rates.

While swapping the debt into Australian-dollar denominated cash flows is raising the cost of offshore raisings for the banks, the yields paid are significantly lower than earlier in the year.

As markets regain confidence in the wake of the recent deal over Greek debt, prices have improved and spreads have narrowed significantly over the past six weeks.

National Australia Bank issued $1.5 billion in five-year bonds in early February, and paid a local market record spread of 185 basis points for benchmark rates.

pduran@afr.com.au
Amcor sells $155m bonds to the Swiss
PUBLISHED: 08 Mar 2012 12:55:03 | UPDATED: 29 Mar 2012 01:58:49

Paulina Duran
Share Links:

Related Quotes

AMC

AMCOR FPO (AMC)

$8.030
$0.00
(0.00%)

Volume 0 Value 0.0

5 Year
1 Day

as at 16:10 Australia/Sydney 11 DEC 2012

View Full Quote »
Company Profile
Amcor is a global leader in responsible global packaging solutions, supplying a broad range of plastic (rigid & flexible), fibre, metal and glass packaging products and packaging related services. We have annual sales of approximately A$12.2 billion, generated from more than 300 sites across 43 countries.
http://www.amcor.com/
Containers & Packaging (151030)
ASIC 000017372
ASX Announcements
11/12/12 Appendix 3B
05/12/12 Amcor Strategy Day Presentation Ken MacKenzie Summary
05/12/12 Amcor Strategy Day Presentation Ralf Wunderlich
05/12/12 Amcor Strategy Day Presentation Mike Schmitt
05/12/12 Amcor Strategy Day Presentation Steve Keogh

View All Announcements »
See Also

People
Analysis
Financials

Fresh from acquiring flexible packaging business Aperio Group from private equity firm Catalyst Investment Managers, Amcor has issued 150 million Swiss francs ($155 million) in six-year bonds from Swiss investors.

Amcor acquired flexible packaging business Aperio Group for $238 million from Catalyst. The company said its deal, which is subject to Australian Competition and Consumer Commission approval, will be funded from existing debt facilities.

Amcor’s newly issued six-year bonds pay coupons of 2.125 per cent and mature on April 4, 2018. They priced to yield 163 basis points over mid swap rates.

The deal was managed by BNP Paribas and UBS.

pduran@afr.com.au
Transurban launches $233m seven-year bond
PUBLISHED: 29 Feb 2012 11:37:02 | UPDATED: 29 Mar 2012 01:58:12

Paulina Duran
Share Links:

Toll-road operator Transurban Group is raising $C250 million ($233 million) in senior secured notes due in 2019 to repay the company’s working capital facilities.

The notes have been rated A-minus by global credit agency Standard & Poor’s Financial Services and will pay a 180 basis points margin over Canadian government bond rates. The spread is equivalent to 170 basis points over swap.

The notes can be called at par from December 2018.

Bank of Nova Scotia and RBS Capital Markets are joint lead manager and book runners of the deal. CIBC World Markets is co-managing the deal.

pduran@afr.com.au

NAB turns to US for $2.3bn bond sale
PUBLISHED: 02 Mar 2012 10:16:47 | UPDATED: 29 Mar 2012 01:58:23

Paulina Duran
Share Links:

National Australia Bank is set to sell $US2.5 billion ($2.3 billion) in bonds in the 144A market in the US – the deepest source of debt funding.

The two-tranched deal includes bonds maturing in three and five years.

Pricing guidance for the bonds are margins of 160 basis points and 190 basis points over benchmark rates.

Bank of America Merrill Lynch, Deutsche Bank, JP Morgan and National Australia Bank are managing the deal.

ETSA Utilities issued $200 million in five-and-a-half year bonds in the domestic market on Thursday. The issue, managed by the big four Australian banks, was heavily oversubscribed and upsized from $150 million.

The bonds pay margins of 165 basis points over swap.

pduran@afr.com.au
AGL launches $650m note issue
PUBLISHED: 28 Feb 2012 12:26:00 | UPDATED: 29 Mar 2012 01:58:07

Paulina Duran
Share Links:

Related Quotes

AGL

Company Profile
The sale of gas and electricity; the operation of natural gas and electricity distributuion systems and natural gas transmission pipelines; the extraction and sale of LPG; investments in gas industries (including overseas); and the realisation of property
null
ASIC null
See Also

People
Analysis
Financials

AGL Energy has launched its highly expected $650 million subordinated note issue, offering between 340 basis points and 360 basis points over benchmark rates.

The subordinated, cumulative, unsecured notes will have a 27-year maturity (June 8, 2039) but are callable in seven years. If the BBB-rated company does not redeem the notes by June 8, 2019, the margin will increase by 25 basis points.

The instruments will be listed on the Australian Securities Exchange.

The proceeds will be used to fund the acquisition of the Loy Yang A power station, and adjacent coalmine, and for general corporate purposes. The company had announced plans for a $1.5 billion capital raising last week.

Deutsche Bank is the arranger of the issue, while ANZ Securities, Commonwealth Bank, Deutsche Bank and National Australia Bank are joint lead managers. Morgan Stanley, Ord Minnett and Westpac Institutional Bank are co-managers of the deal.

Mallesons Stephen Jaques acted for Deutche Bank, NAB, ANZ and CBA, while Greenwoods & Freehills acted for AGL.

The shareholder and customer offers are scheduled to close on March 30, while broker offers close on April 3.

pduran@afr.com.au
Singapore Telecom raises $US700m
PUBLISHED: 02 Mar 2012 13:11:03 | UPDATED: 29 Mar 2012 01:58:33

Paulina Duran
Share Links:

Related Quotes

SGT

SINGTEL CDI 1:1 (SGT)

$2.650
$0.00
(0.00%)

Volume 0 Value 0.0

5 Year
1 Day

as at 16:10 Australia/Sydney 11 DEC 2012

View Full Quote »
Company Profile
The leading provider in Singapore of international and local telephone services, mobile communication services, data communications services and postal services. Also a leading integrated communications service provider in the Asia Pacific region with of
http://www.singtel.com/
Diversified Telecommunication Services (501010)
ASIC 096701567
ASX Announcements
04/12/12 Increase in issued and paid-up share capital of Sudong Sdn.
03/12/12 Top 20 securityholders
03/12/12 Appendix 3B
03/12/12 Initial Public Offer of Bharti Infratel Limited
29/11/12 SingTel Optus - Update to Analysts

View All Announcements »
See Also

People
Analysis
Financials

Singapore Telecommunications, the owner of Australia’s second-largest telecommunications company SingTel Optus, sold $US700 million ($648 million) in five-and-a-half year bonds in the US, paying a 2.375 per cent coupon. The rate is equivalent to a of 150 basis point margin spread over treasuries.

SingTel sill use the proceeds to fund it’s ordinary course of business, the company said in an announcement by the company to the Australian Securities Exchange.

The deal, managed by Bank of America, Citigroup, Deutsche Bank and Morgan Stanley was more than four times oversubscribed by investors, according to the statement.

The senior bonds, carry the same credit rating as the company’s Aa2 Moody’s rating and A-plus by Standard & Poor’s Financial Services. They are guaranteed by the company and mature on March 1, 2012.

SingTel chief financial officer Jeann Low said: “This bond offering forms a critical part of our strategy to optimise our debt structure and broadens our sources of funding.”

pduran@afr.com.au
BlackRock sees new sovereign risk era
PUBLISHED: 06 Feb 2012 13:48:26 | UPDATED: 29 Mar 2012 01:56:20

Paulina Duran
Share Links:

The head of fixed income at BlackRock Australia has called for a fundamental change in the way fund managers evaluate sovereign risk, as the triple-A-rated government bond market shrinks after credit downgrades in the US and in European countries.

“Fixed income allocations must respond to contemporary risks and economic realities and move on from the mindset of an older era, especially those associated with conventional sovereign bond benchmarks.” said Steve Miller, the head of fixed income at BlackRock Australia.

Australia is rated AAA by the three global credit agencies Standard and Poor’s, Moody’s Investors Service and Fitch Ratings. It is one of only 12 countries that enjoy the top credit rating from all three credit agencies.

The country’s sovereign credit risk, as measured by the BlackRock Sovereign Risk Index (BSRI), ranks eight of 44 countries that issue government bonds.

According to BlackRock’s latest numbers, bonds issued by Chile, South Korea, and Australia are a safer bet than those of Germany.

While Russia, Malasia, and the Philippines also have a better sovereign credit risk than France.

“The latest BSRI results continue to challenge long-held assumptions that Western government bonds are risk-free,” Mr Miller said. “They’re also puncturing the notion that automatically equates emerging countries with high risk.”

“The findings that South Korea and Chile rank ahead of Germany and the United States, and that France’s financial metrics are slipping, emphasise the scale of structural change across the global economy.”

To track sovereign credit risk, BlackRock’s BSRI index uses over 30 variables to measure a governments’ willingness to pay, it’s country’s fiscal position, external finance position, and financial sector health.

pduran@afr.com.au

Westpac sells €1.75 billion bonds in Europe
PUBLISHED: 10 Feb 2012 09:31:01 | UPDATED: 29 Mar 2012 01:56:53

Paulina Duran
Share Links:

Westpac Banking Corp sold €1.75 billion ($2.15 billion) in four-year covered bonds overnight in Europe. The bank paid spreads of 72 basis points over swaps, lower than the price guidance set last night of 75 to 80 basis points.

The final price is equivalent to a spread of 149.3 basis points over German government bonds, and about 175 basis points over Australian swaps.

The deal, which was co-managed by Westpac, Deutsche Bank, Barclays and Citigroup, was heavily oversubscribed and quickly upsized, according to the managers.

Against a relatively positive market environment in Europe recently, the well timed deal also highlights Australian banks are extremely regarded in that market.

It was the largest offshore covered bond sale done by any Australasian bank overseas to date.

pduran@afr.com.au
BHP raises $4.9bn in US bond market
PUBLISHED: 22 Feb 2012 09:37:00 | UPDATED: 29 Mar 2012 01:56:57

Jonathan Shapiro, Paulina Duran and Jamie Freed
Share Links:

BHP Billiton has sold the third-largest bond in the United States this year, raising $US5.25 billion ($4.9 billion) in a multi-tranche bond for debt refinancing, including the retirement of commercial paper, and general corporate purposes.

The raising by the A+ rated mining giant, announced in a statement to the Australian Securities Exchange yesterday, was split into five parts – two-year, three-year, five-year, 10-year and 30-year notes.

BHP paid a margin of less than 1 percentage point above the US Treasury rate for its 10-year fund, or a coupon of 2.875 per cent as global bond investors continue to favour highly rated corporate debt.

The three-month funds carried interest at three-month US dollar London Interbank Offered Rate plus 27 basis points, or a coupon under 1 per cent.

The order book on the bond issue exceeded $10 billion according to market sources, as BHP Billiton paid a mere 3 basis points “new issue premium” over its existing secondary market bonds to entice buyers.

A shelf prospectus lodged with the US Securities and Exchange Commission said the proceeds would be used to pay BHP’s upcoming debt maturities, including commercial paper, $US625 million of bonds that pay a 5.125 coupon and are due in March, and €1.25 billion ($1.55 billion) of notes due in April.

Its debt levels will remain similar following the bond issue.

The bond deal was managed by Barclays and JPMorgan. The issue is the third-largest this year.

Only SABMiller and Petrobras have raised larger amounts of debt.

The bond issue follows a $US3 billion bond raising by BHP in November, which was used to refinance loans used to acquire shale gas firm Petrohawk.

BHP had taken out a $US7.5 billion facility for Petrohawk, including a $US5 billion term loan and a $US2.5 billion revolving credit facility.

The full amount of the term loan together with $US1 billion of the revolving credit facility has been cancelled. The $US1.5 billion of the revolving credit facility that remains will expire in August 2012.

As of December 31, BHP had $US2.8 billion outstanding in the US commercial paper market and the group’s cash on hand was $US3.6 billion.
Next »
Archives

May 2012 (1)
April 2012 (1)
March 2012 (11)
February 2012 (8)
January 2012 (7)
December 2011 (8)
November 2011 (11)
October 2011 (25)
September 2011 (10)
August 2011 (11)
July 2011 (18)
June 2011 (29)
May 2011 (66)
April 2011 (32)
March 2011 (37)
February 2011 (41)
January 2011 (43)
December 2010 (60)
November 2010 (78)
October 2010 (67)
September 2010 (40)
August 2010 (93)
July 2010 (70)
June 2010 (50)
May 2010 (58)
April 2010 (57)
March 2010 (99)
February 2010 (54)

advertising
advertising
afr.com
News

National
World
Business
Technology
Markets
Personal Finance
Opinion
Lifestyle

AFR MarketWrap5pm
Capital

Chanticleer
Street Talk
The Prince
Rear Window

Special Reports


Events

Events
Register for Updates

Tools & Research

ASX Quotes
ASIC Search

Markets Data
Australian Equities
World Equities
Commodities
Currencies
Derivatives
Interest Rates

Share Tables
Economic Indicators
Investment Banking League Tables

Managed Funds
Top Performing
Search Managed Funds

Advanced Search
Articles & Videos
ASX Announcements
ASX Quotes
Executive Profiles

Other Tools & Resources
Investment Guides

Financial Review Group

AFR BOSS
AFR Magazine
AFR TV
BRW
AFR Smart Investor
MIS Australia
AFR CFO
AFR Asset
Financial Review Conferences
Fairfax Business Research


Help & Information

Help
Contact Us
Letters to the Editor
What's in afr.com?
What's in The Australian Financial Review?


About

Services
About Us
Advertise
Online Subscription Terms
Newspaper Subscription Terms
Conditions of Use