Liz Harrison, Fixed Interest Analyst - ESG in the Janus Henderson Australian Fixed Interest team, provides her Australian economic analysis and market outlook.
Market review
Bond markets remained volatile in March. The recovery story picked up pace in the US market, backed by strong economic data, a rapid vaccine rollout, an...
Australian iron ore giant Fortescue Metals Group Ltd (FMG) has completed a US$1.5 billion bond offering.
Fortescue initially sought to raise $US750 million but high demand drove the corporate bond offering to double in size.
The senior unsecured notes have an interest rate of 4.375 per cent, maturing in April 2031.
Fortescue...
Earlier this week, US-based cellphone carrier Verizon Communications issued a AU$1.25bn bond as part of a $25bn capital raising to help pay for 3,511 US 5G network licenses it won in a US government auction last month.
The total cost of the purchases was US$45.5bn plus approximately US$8bn in costs...
Metrics Credit Partners has secured ratings in the A band for two of its loan funds despite a volatile year for financial markets raising concerns about credit quality.
S&P Global Ratings has assigned an A- rating to the Metrics Credit Partners Real Estate Debt Fund (REDF) and affirmed its A-...
Australian power company AusNet has issued a €700 million, 60-year international hybrid deal.
The hybrid issue, in the form of non-convertible subordinated notes, is due for a first call in 2026 with maturity set for March 2081.
There is a refinancing element with proceeds from the hybrid issue will be used...
Chinese equity and fixed income investment manager Fullgoal Asset Management is entering a distribution agreement with 3PD to expand its reach in the Australian and New Zealand markets.
Fullgoal Fund, which launched in 1999 and has A$200 billion assets under management according to a statement by the firm, is retaining Australian-based...
Transurban Queensland is planning to raise US$2 billion through a through a new debt offering on the Singapore stock exchange.
The company, which is two-thirds owned by Transurban Group (ASX:TCL), announced the offering on Friday and said it would use the proceeds from the tranche towards paying down existing debt...
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...
Data released by research company Roy Morgan revealed last month Australians expected inflation of 3.8% annually over the next two years, the highest rate since March 2020.
Inflation expectations are now 0.9% points below their long-term average of 4.7% but have increased by 0.6% points since reaching a record low...
Data released by research company Roy Morgan reveal Australians in February had inflation expectations of 3.7% annually over the next two years, up 0.1% points on January.
The result was the highest since February and March 2020 (4.0% for both). Inflation Expectations are now 1% point below their long-term average...
