As published in The Australian on Saturday 15 June 2020
Virgin Australia’s administration is a recent low point for Australian financial markets, with mums and dads being caught holding corporate bonds that may prove worthless.
The airline business is inherently risky. Oil prices, currency fluctuations, a commodity-like service and the threat...
After David Jones was granted covenant waivers from its banks last week, bondholders will likely have little option but to agree to the waivers as well. This follows a reported collapse in sales last week.
David Jones and its stable of Australian fashion stores under the Country Road Group reported...
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...
FlexiGroup Limited (ASX: FXL) ( has announced the pricing of A$265m asset-backed securities (“ABS”), supported by a pool of unsecured, consumer receivables originated in Australia under its rebranded Buy Now Pay Later offering - humm.
Flexigroup is a regular ABS issuer and has been executing securitisations of its Buy Now...
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...
VisionFund International (VisionFund), the mission-focused microfinance subsidiary of children's charity World Vision, today announces it has raised AUD20 million with its first bond issue.
In alignment with World Vision’s focus on children’s well-being and with the UN’s Sustainable Development Goals of promoting sustainable economic growth (SDG 8) and gender equality...
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),...
Income investors are flocking to bonds to shore up income.
To put the demand into perspective, consider when global investment firm, KKR launched a high yield credit fund (ASX:KKC) in the second half of last year it was rushed by retail investors.. The fund was set up as a Listed...
Leading non-bank lender Firstmac has completed a $1.4 billion RMBS issue – its largest ever public trade – within days of passing the milestone of $11 billion in loans under management.
Managing Director Kim Cannon said a total of 25 institutions had invested in the oversubscribed issue, which was more...
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...
