Brisbane-based lender Firstmac has announced it has completed the biggest-ever issue of Residential Mortgage-Backed Securities (RMBS) by an Australian non-bank.    In its statement the company said the $2 billion issue breaks the previous Australian record of $1.7 billion, set by Firstmac in 2017.     Firstmac paid a margin above the...
Inflation remains the wild card in the economic growth story following a volatile first quarter, according to chief investment officer for fixed income at Eaton Vance, Eric Stein. With bond investors grappling with the prospects of stronger growth and higher inflation in the first quarter of 2021, Stein said the...
Deposit rates are incredibly low and in some cases zero, giving cashed-up investors who want to preserve capital very few choices. One is to buy Australian Commonwealth Government Bonds (ACGBs), which they can do through the ASX. At the moment there are around 35 bonds available with yields to maturity...
The Australian ETF industry has catapulted beyond $100 billion in funds under management for the first time after a strong month for growth. BetaShares’ ETF review for March shows the ASX exchange traded product market cap hit $102.9 billion at the end of march, representing a market cap change of...
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...
Retirement investment manager Challenger Limited has provided updated guidance since the release of its third quarter results on Tuesday, with Group assets under management exceeding $100 billion for the first time. While achieving sales growth across much of the business, the company said in its statement that its normalised profit...
The owner and builder of the National Broadband Network, NBN Co, has raised US$2 billion in a bond deal in the United States and there are more deals in the pipeline for other markets in 2021. The NBN bond issue was split between a five-year bond worth US$750 million and...
A number of the finance world's biggest brands are warning their customers to be aware of fixed income bond scams. An alert published on HSBC Australia's website warns the global bank has "identified a scam around fake Fixed Income Corporate Bonds being offered to some HSBC customers.This offer is not...
Metrics Credit Partners’ MCP Master Income Trust (ASX:MXT) has raised in excess of $190 million via a wholesale investor placement to further diversify its loan portfolio. MXT issued more than 95 million units in the trust at $2 each in a placement to institutional and wholesale investors. Andrew Lockhart, managing partner...
Investors have been given exposure to a portfolio of listed hybrid securities issued by the ‘Big 4’ Australian banks through the launch of BetaShares' new hybrid exchange traded fund (ETF). BetaShares said its new Australian Major Bank Hybrids Index ETF (ASX: BHYB) aimed to provide an option for investors challenged...

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From Income Asset Management While yields have improved in the Australian BBB space, it’s also nice for investors to know their money is relatively safe. S&P...
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ANZ Launches ANZ Capital Notes 9 Offer

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IAG Announces Margin On Capital Notes 3 Offer

Insurance Australia Group this week announced the offer of Capital Notes 3, seeking to raise A$300 million. The offer is part of IAG's capital...