Australia and New Zealand Banking is the leading national bond insurer rankings for the first time in at least 12 years

Australia and New Zealand Banking Group Ltd. is the leading national bond insurer rankings for the first time in at least 12 years as the lender's expansion in Asia helps to take advantage of growing investor demand for assets in Australia.

Offer Management Bank of America Corp., the World Bank and APA Group helped boost the participation of Australia and New Zealand in the bond market in Australia offers to 15.1 percent from 11.2 percent last year. The Melbourne-based bank is beating Westpac Banking Corp., now the No. 2 insurer with 15 percent.

Under CEO Mike Smith, Australia and New Zealand bought the Royal Bank of Scotland Group Plc companies in Hong Kong, Singapore and other four nations in 2009 for $ 550 million, increasing the company's presence throughout the Asia and Pacific, which now has as millionaires to Europe. The Australian dollar has risen 9.9 percent against its U.S. counterpart This year, the second best performer among 16 major currencies tracked by us.

"For issuers of Australia, access to savings in Asia is becoming increasingly important," said Phil Bayley, director of the Melbourne-based consulting ADCM Services. "With the acquisition of the assets of RBS in the region, Australia and New Zealand has gained critical mass and actually increased its distribution capacity."

Asia Shares

Asian investors are buying on average 20 percent of Australia's bond offerings managed by Australia and New Zealand, compared to between 5 percent and 10 percent a year, said Paul White, global head of the union.

Bought 22 percent of International Bank for Reconstruction and Development of A $ 1.5 billion ($ 1.5 billion) offering of 5.75 percent notes in February, according to the World Bank. The agreement was brokered by Australia and New Zealand, TD Securities Inc. and RBC Capital Markets.

strengthening Australia's economy and relatively high interest rates are attracting Asian buyers of bonds, according to Cath Carvajal, ANZ's global head of capital markets, he moved to Hong Kong from Sydney this year to help bank financing to customers with access to Asia. AAA rated government bonds to two years' performance more than seven times more than the equivalent in U.S..

They have "increased interest and investment in Australian dollars," said Carvajal in a telephone interview, "whether government bonds at one end or the other credit."

The national reference rate cash is 4.75 percent, compared with as low as zero in the U.S. and Japan. Employment increased most in 10 months in November, more than double the median forecast and the unemployment rate fell to 5.2 percent, compared with a seven-month high of 9.8 percent U.S.

Millonarios

The Australia's gross domestic product increased 3.7 percent in 2011, compared with 2.55 percent in the U.S. and 1.34 percent in Japan, according to the median estimate of economists surveyed by us.

The number of millionaires in the Asia-Pacific region grew 26 percent, to 3,000,000 in 2009, coinciding almost equal to Europe and North America 3.1 million, Capgemini SA and Merrill Lynch & Co., wrote in the 14th annual World Wealth Report, released in June. millionaires in the region increased their combined assets 31 percent to $ 9.7 trillion, according to the report.

The International Monetary Fund predicts that Asia's developing economies will expand 9.4 percent in 2010, compared with growth of 2.7 percent in advanced countries.

Bond sales in Australia have reached 110.3 billion U.S. dollars this year, at least 64 percent higher than any other period in the past decade, apart from the A record 117.7 billion U.S. dollars in 2009.

Bank of America

Bank of America sold $ 1.2 billion debt to three years in August, Charlotte, North Carolina-based lender selling the bonds in the currency of Australia in more than three years.

APA Group, whose pipes are more than the average natural gas in Australia, raised $ 300 million in July in the first sale of 10-year BBB rated in Australia by non-financial company.

Australia and New Zealand share market bond sales in Australia in 2010 has nearly doubled from 7.7 percent in 2008. The lender is also trying to increase their participation in the Asian markets local currency debt, including the Singapore dollar and Hong Kong and the Vietnamese dong, White said.

It is the fifth, sixth and fourth in the market this year.

Westpac share market sale of bonds in Australia has fallen from 18.2 percent in 2009, according to the data. Mark Goddard, executive director of Westpac union, declined comment.

RBS Deal

Smith of Australia and New Zealand goes to 20 percent of bank profits in Asia in 2012. agreement last year with RBS, which also included companies from Taiwan, Indonesia, Philippines and Vietnam, accounted for 54 branches with $ 3.2 billion in loans and $ 7.1 billion in deposits to serve about 2 million customers , Australia and New Zealand, said in a statement on August 4, 2009, the Australian stock exchange.

The lender continues to evaluate strategic opportunities in Asia on a plan to become a "super regional bank," ANZ said in a statement on 25 November, the day he shelved plans to buy control of Korea Exchange Bank.

ANZ profit of institutional activity increased 23 percent to $ 1.75 billion in the year to September 30, according to its annual report.

The bank's shares have risen 3.9 percent this year, while its main competitors, Westpac, Commonwealth Bank of Australia and National Australia Bank Ltd. have been reduced by at least 7.1 percent and the S & P/ASX-200 index fell 1.8 percent.