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...
Investors are using corporate bonds to boost prospective returns within their fixed income portfolios with government bond yields at record lows, which is creating a 'tailwind' for the asset class according to First Sentier Investors. The Global Credit Outlook 2021 paper argues prevailing economic conditions should underpin credit demand going...
Afterpay buy now pay later rival Zip has successfully priced an A$400m senior unsecured convertible notes offer. The notes are set to mature in April 2028 and are convertible into fully paid ordinary shares of Zip with an initial conversion price of A$12.39 per ordinary share, which represents a conversion...
A new series of notes will be issued by Centuria Capital No 2 Fund and listed on the ASX in a bid to raise $100 million. A statement by Centuria, an ASX-listed specialist investment manager with around $10.2 billion in funds under management in property funds and investment bonds, said...
The Reddit mania that catapulted GameStop shares has "reverberated through to the bond market", according to global equity manager Eaton Vance. Eaton Vance put AMC Entertainment, one of the largest movie theatre operators in the US and a prominent player in the European market, under the microscope. Portfolio managers at Eaton...
A green bond offering of US$144 million is being prepared by Altech Chemicals to help secure the remaining financing required for its high purity alumina (HPA) project in Johor, Malaysia. The Perth-based, ASX-listed  company this week announced it was working closely with London structuring agent Bedford Row Capital and Bluemount...
Apple Inc, despite its huge hoardings of cash reserves, has just sold $US14 billion of bonds in order to take advantage of cheap costs for borrowing. “Apple is returning to the bond market, even with $196 billion of cash on hand, which we believe suggests the pace of shareholder returns...
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...

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