Liquidators have been appointed to the two companies behind the XTB range of corporate bond ETFs following Equity Trustees suspending redemptions last month according to The Australian. The two companies in liquidation are the Australian Corporate Bond Trust and Global Bond Exchange. Alan Walker and Glenn Livingstone of WLP Restructuring...
There’s been plenty of new bond issuance lately. It could be institutions wanting to lock in debt after heightened uncertainty due to the Middle East conflict but could also be because they see an increased chance of a rate rise on 7 November. It’s always good to see how institutional...
Santos has announced it has conducted a debt offering and successfully priced a US$850 million senior unsecured fixed rate bond transaction in the US dollar 144A/RegS market. The bonds will be issued by Santos Finance Limited, a wholly owned subsidiary of Santos Limited and guaranteed by Santos Limited. The proceeds are...
NBN Co, Australia's government-owned broadband provider launched last week a senior unsecured Australian-dollar green bond with an indicative yield of 5.3 per cent. The five-year fixed rate debt raising closed at $850 million at a coupon of 5.2 percent according to the Australian Financial Review and was priced at a...
QBE Insurance Group has priced the issue of $300 million of floating rate subordinated notes under its notes issuance program. The notes have a term of 16 years, maturing on 28 June 2039. They are callable after six years. Interest is payable on the notes quarterly in arrears at a...
Apple Inc has gone to the US blue-chip bond market early this week, in what is seen as a move by a number of borrowers to raise cash ahead of important inflation readings which are due during the week. The most valuable company in the US sold bonds in a...
Global X ETFs has launched a US investment-grade corporate bond ETF which provides investors with access to the world’s largest corporate bond market in a cost-effective, highly liquid and currency-hedged vehicle. The Global X USD Corporate Bond ETF (Currency Hedged) (ASX: USIG) has a management fee of 30 basis points...
ASX-listed gold miner Northern Star Resources Ltd has priced US$600 million worth of senior 10-year notes, paying 6.125 per cent a year paid semi-annually according to an ASX announcement today. The notes due in April 2033 will be guaranteed by certain wholly-owned subsidiaries of Northern Star. The company said it intends...
Hot on the heels of ANZ’s successful Tier 2 subordinated bond issue, NAB has also issued a Tier 2 bond this week. The new issue raised A$1.25 billion. The issue had two tranches, both had a 10NC5 structure. That is, have a minimum five-year term but the term can be...
Cboe Australia has welcomed XTB’s innovative exchange-traded corporate bond products (XTBs) to the Cboe Funds platform. In partnership with XTB, Cboe Australia has launched a series of XTBs which provide retail investors with access to corporate bonds from four of Australia’s largest companies, Aurizon, Bank of Queensland, Coles, and Qantas. XTBs...

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New ANZ Bond Issued at a 6.73% Yield

Today ANZ issued a Tier 2 subordinated bond at a margin of 280 basis points over semi annual swap, equivalent to a 6.736% issue...
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ANZ Launches ANZ Capital Notes 9 Offer

ANZ Bank has today launched its Additional Tier 1 capital security offer, ANZ Capital Notes 9, seeking to raise around $1 billion. At the same...

Attractive Yields But Narrow Spreads: The Credit Dilemma

By Arif Husain, Head of International Fixed Income and Chief Investment Officer, Fixed Income at T. Rowe Price Even after the late-year “Santa” rally, all-in...
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ANZ To Launch $1bn Plus Hybrid Offer

Bank hybrid issuing is set to ramp up early in 2024 with ANZ Bank expected to be the first to market. ANZ issued a recent...

ANZ Allocates $1.7 billion & Sets Margin for ANZ Capital Notes 9

The ANZ Bank has allocated $1.7 billion of ANZ Capital Notes 9, where it had been seeking around $1 billion originally under its offer....