Australian bank senior bonds undervalued: Nomura

The underperformance of Australian banking Tier one bonds is undeserved, says the Japanese bank. It believes the market has priced in too much risk on the sector.

  • 10 Oct 2011

Senior bonds issued by Australian banks should not have underperformed during the recent sell-off and don’t deserve to be trading wider than equivalent bonds from lower-rated Japanese and Korean counterparts, according to an October 10 Nomura report from the sales and trading desk.

When compared to the senior ...

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1 Standard Chartered Bank 7,008.38 26 11.32%
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