Aurizon Finance Pty Ltd (Baa1/BBB+) is taking expressions of interest for a 7.5-year Senior Unsecured fixed rate bond with price guidance of +225-230bps area, which is a fixed coupon of approx. 6.4-6.45%.
IAM sees this as an opportunity for investors to gain access to an investment grade corporate deal at...
Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook.
Market Review
Hawkish US Federal Reserve (Fed) forward guidance and an ill-timed UK fiscal package that triggered Bank of England support saw yields lift sharply over the latter part of the...
Industrial and property owner-manager Goodman Group is issuing US$500 million of sustainability-linked bonds.
The guaranteed senior unsecured notes are scheduled for maturity in 2032. The issue will close on 4 May 2022.
An ASX release by Goodman said the bonds were the group’s first sustainability-linked bonds and "reflect the Group’s focus...
The Australian Fixed Interest team of Janus Henderson has been bolstered with the appointment of Emma Lawson as Fixed Interest Strategist – Macroeconomics.
The team is led by Jay Sivapalan and manages in excess of $18bn on behalf of clients.
As a senior member of the team, Lawson will contribute to...
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 January Consumer Price Index (CPI) showed that inflation was, once again, hotter than expected, frustrating both the market and the Federal Reserve (Fed). Both headline and core monthly inflation accelerated while the Fed’s favoured supercore inflation measure extended its recent upward trend. Today’s inflation report shows that it...
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...
Unsecured bond holders in Virgin Australia, owed nearly $2 billion, will have their fate decided in the coming weeks with the impending sale of the airline to one of two short-listed U.S.-based bidders.
Virgin most recently raised $325 million through an ASX-listed bond issue and US$425m through the U.S. high...
