tobo
28-02-2009, 12:58 PM
It seems that secondary market in NZ Corporate Bonds are rather thin.
There seems to be no depth at all on many bonds, and on Govt Stock.
And it also seems that a lot of new Corporate Bond issues get completely swallowed up before their closing dates.
Can anyone comment on if this is the way it always is, or if this peculiar to the global credit crisis.
The only bonds I am seeing traded are Vector and South Canterbury Finance.
And the only new Issue I am seeing is Fontera (AIA seems to have disappeared even though it is supposed to be open till end of March).
My mother (who is long-since retired...and who I could well imagine arguing rates with the bank manager when rolling over fixed deposits) is looking to put some $ in Corporate Bonds.
Is that the practical extent of the choice? Vector, South Canterbury Finance, Fontera.
There are many others in existance, but they don't appear to be able to be purchased. (Can only consider amount to $10k per purchase, so can't consider the $100k ones).
Tobo
There seems to be no depth at all on many bonds, and on Govt Stock.
And it also seems that a lot of new Corporate Bond issues get completely swallowed up before their closing dates.
Can anyone comment on if this is the way it always is, or if this peculiar to the global credit crisis.
The only bonds I am seeing traded are Vector and South Canterbury Finance.
And the only new Issue I am seeing is Fontera (AIA seems to have disappeared even though it is supposed to be open till end of March).
My mother (who is long-since retired...and who I could well imagine arguing rates with the bank manager when rolling over fixed deposits) is looking to put some $ in Corporate Bonds.
Is that the practical extent of the choice? Vector, South Canterbury Finance, Fontera.
There are many others in existance, but they don't appear to be able to be purchased. (Can only consider amount to $10k per purchase, so can't consider the $100k ones).
Tobo