Pallas Capital is conducting a final raise for the Pallas FM Trust up to 31st March 2021 at its current 7.5% yield after which remaining tranches will be priced at 7% yield to maturity or less. Pallas Capital executive director Mark Spring said, “Given the high demand for property first...
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...
BetaShares’ latest review shows the Australian ETF industry continues to grow and reached yet another new record high of $97.3B at the end of February. The company said in its report: “The industry’s market cap grew by a relatively subdued 0.5% for the month to reach a new record high of...
Ardea Investment Management, one of Australia’s largest fixed income investment managers, has launched a long-running relative value fixed income fund for the European market. A statement by Ardea says its Global Alpha fund targets positive returns that are independent of interest rate moves and market volatility that may impact conventional...
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...
Jay Sivapalan -  Head of Australian Fixed Interest at Janus Henderson - discusses what caused February’s bond market volatility and how the team are actively navigating the challenging conditions. Over February the Australian bond market1 was down approximately 3.5%, suffering its biggest negative monthly return since 1983. In combination with...
The CBA is anticipating good interest from security holders for its PERLS XIII offer after institutional demand catapulted the offer to $1 billion. The allocation was $250 million more than what the CBA said it intended to raise when the new tier-one capital transaction offer was announced in February. The bank last...
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...
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...

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government debt

Worried about growing government debt? Here’s a way to get out (and an option...

Recently, global asset manager T. Rowe Price held a webinar for Australian investors. I’ve transcribed part of the presentation by Emerging Market Bonds and...
Metrics Credit Partners

A Band Ratings Secured For Two Metrics Credit Partners Loan Funds

Metrics Credit Partners has secured ratings in the A band for two of its loan funds despite a volatile year for financial markets raising...
Commonwealth Bank PERLS

Commonwealth Bank Launches New PERLS XIII Capital Notes

The Commonwealth Bank of Australia (CBA) has launched a new tier-one capital transaction PERLS XIII, seeking A$750 million. The new offer aligns with spreading the...

Australian Bond Exchange Opens Another Door To Access Bonds

Earlier this year, Australian Bond Exchange set up a joint venture with trading platform IRESS to allow financial advisers to transact over the counter...
Transurban Queensland Singapore

Transurban Queensland Plans To Raise US$2 Billion In Debt On Singapore Stock Exchange

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...