The corporate watchdog is investigating potential misleading conduct and inside information in Australia's bond market, including the $350 billion semi bond market where state governments are now ramping up their debt requirements.
The Australian Investments and Securities Commission issued a report late last month on transparency in the debt market but has since confirmed to The Australian Financial Review that certain aspects of state bond issuance (semis) and related transactions were under surveillance.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
