News

Online cash management platform Cashwerkz (ASX:CWZ) is using the proceeds of a $14 million equity raise to transform its business through a 25 percent stake in investment manager Tactical Global Management and to fund other growth and distribution initiatives.  Cashwerkz will also seek shareholder approval at its annual general meeting...

The National Housing Finance and Investment Corporation (NHFIC) has finalised $462 million of social bonds taking total issuance to approximately $2 billion in three years. The new 10-year social bonds include a fixed-rate note of $362 million and NHFIC's first floating-rate note of $100 million. The social bonds were more...

Enterprise software company MicroStrategy Inc has sold $500 million of notes to buy more Bitcoin in what is the first-ever junk bond sale used to finance the purchase of the cryptocurrency. The US based company has emerged as one of the most staunch backers of cryptocurrencies. The senior secured notes will...

Challenger's Fidante has increased its stake in Sydney-based fixed income investment manager Ardea after key stakeholders sold their shares in the company. The Australian Financial Review is reporting Andrew Bartlett, one of Ardea founders and credit strategies specialist, has left the firm and sold his stake, worth about 10 per...

The "swift and decisive fiscal and health response” by Australia has led to S&P Global Ratings upgrading its outlook on the country's coveted "AAA" sovereign rating to stable from negative. Australia remains one of just nine countries to hold a AAA credit rating from the three major rating agencies. In its...

Corporate watchdog ASIC is warning of a fake Qantas corporate bond scam targeting Australian investors. ASIC said it was aware Australians have been directly offered fake Qantas corporate bonds with interest rates of 7.75% per annum. "Scammers are using the legitimate Qantas bonds listed on the ASX which have a coupon...

Leading non-bank lender Firstmac’s High Livez managed fund has hit a record unit price, shortly after celebrating 10 years of delivering regular income for Australian investors. The unit price for High Livez, which owns a portfolio of Residential Mortgage-Backed Securities (RMBS) underpinned by Australian home loans, hit $1.0591 for the...

A 6500-basis-point error by Spanish utility company Iberdrola on a bond document could cause a legal headache with investors, according to reports. Bloomberg is reporting the company made the error on a term sheet filed for regulatory purposes, listing the spread over Euribor as 65% instead of 65 basis points. Iberdola...

Investment manager PIMCO has been awarded in the 2021 Money Management Fund Manager of the Year Global Fixed Income award with the winning fund Global Bond Wholesale and highly commended for its ESG Global Bond Wholesale. PIMCO fixed income chief investment officer Andrew Balls said the performance of both funds...

Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook. Market review Massive fiscal and monetary stimulus boosted economic growth, both in Australia and abroad. Despite some volatility caused by a temporary surge in inflation expectations and the US Federal Reserve...