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After successful bond issues by Western Sydney University (WSU) and University of Wollongong (UOW) late last year, the University of Melbourne is the first Australian corporate to issue a bond in 2021. The 10-year fixed rate bond has a coupon of 1.97%p.a. and raised $150 million. Despite being hit by covid...
Embattled Chinese e-commerce giant Alibaba Group will this week look to commence raising between US$5 to 8 billion in a bond issue as it continues to be pressured by regulators and rival players. First reported by Reuters, the company was expected to use the funds for general corporate expenditure including...
Investors chasing yield in an environment of low interest rates have greeted AMP Life with high demand for a $300 million bond raising this week.  According to a report in The Australian, AMP Life has received orders worth $1 billion.  Per the report, prospective investors are being offered the bonds at...
NBN Co, owner and builder of the National Broadband Network, has announced what it says is a record-breaking issuance by an Australian company of $1.2 billion worth of five-year bonds with a low coupon rate of one per cent.  The transaction is due to settle on 3 December 2020 and...
Evolve Education (ASX: EVO) has successfully priced an issue of A$35 million 7.5% senior secured Australian medium-term notes in a wholesale offering.  The notes are expected to be issued on 4th December 2020 and will mature in December 2025.  Evolve operates 127 childcare centres across New Zealand and Australia. It has...
Virgin Australia bond holders have learned their fate with the release of the Deloitte report to creditors which will see U.S. private equity firm Bain Capital buy the airline for $3.5bn. The deal, which is subject to approval at a creditors meeting on September 4, will see unsecured bond holders...
The ANZ bank will return to the Green, Social and Sustainability (GSS) bond market in Australia, after having issued its inaugural Green Bond back in June 2015. The bank has announced the issue of an AUD1.25 billion Tier 2 capital bond linked to the United Nation’s Sustainable Development Goals (SDG),...
It’s been a busy week for two of Australia's big insurers. IAG announced it had successfully raised A$450m in a 16 year, non-call six-year (16NC6), tier 2 floating rate note. The IAG subordinated bond has a first call in December 2026, just over six years after settlement with the final maturity...
As investors move through life, their appetite for risk and reward changes. It’s common for older investors to choose lower risk investments as they have less time to remedy any losses if they occur. While there are no set ‘rules’ for asset allocation by age, one of the most famous...
Australian investors are largely denied the same range of investment choices as investors in other developed nations and should be outraged. Corporate bonds mostly remain the domain of institutional and professional investors for no good reason. Positively, companies such as the XTB company, Australian Bond Exchange and other bond brokers...

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University of Melbourne Issues a 10-year Bond

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