There are reports junk-bond investors have given cryptocurrencies their biggest endorsement yet as Coinbase Global sold $2 billion of debt. Bloomberg is reporting demand was so high that Coinbase Global, an American company that operates a cryptocurrency exchange platform, was able to boost the deal’s size from $1.5 billion. Equal amounts of...
On Friday, the RBA let Australian banks know that by the end of next year the committed liquidity facility (CLF) will be phased out. After the GFC and the near collapse of the global financial system, regulators deemed banks needed to hold greater percentages of high quality liquid assets (HQLA)...
Preqin, a provider of analytical data on the alternative asset market, has named Fortlake Sigma Opportunities Fund as the top performing Fixed Income Strategy and number two overall within the Asia-Pacific Credit Hedge Fund category in its H1 2021 Honour Roll. Fortlake Asset Management, which has more than $500m under...
Investment manager Federated Hermes has launched a new product with a climate change focus. The Federated Hermes Climate Change High Yield Credit Strategy is seeded by and designed in partnership with Swedish pension fund giant AP1. According to a statement by Federard Hermes, the strategy aims to generate long-term, risk-adjusted outperformance...
Supermarket giant Woolworths is reportedly in discussions with debt investors for its first sustainability-linked bond, targeting at least €500 million ($798 million) in the European market. The Australian Financial Review is reporting the key performance indicator of the deal is for Woolworths to reduce its absolute greenhouse gas emissions. Woolworths has...
Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook - September 2021.  Market review Markets and central bankers shifted into a more cautious mode while awaiting more clarity on the tussle between the growth-dampening Delta COVID-19 variant and rising vaccination...
Ahmed Fahour’s Latitude Financial (ASX:LFS) is raising funds to fuel growth opportunities by raising about $125million through issuing perpetual, subordinated, unsecured capital notes.  The non-bank lender anticipates paying quarterly, floating rate discretionary distributions, which are cumulative. Latitude expects distributions to be franked at the same rate as dividends on LFS’s...
The company behind the National Broadband Network has issued a three-year, A$825 million bond deal. A fixed-rate tranche of $400 million has a coupon rate of 0.75% and a margin of 40bp/s-q swap. A FRN tranche of $425 million has a coupon rate of 3m BBSW +40bp and a margin...
The appeal of inflation-linked bonds has been highlighted by strong demand for a $3.25 billion 10-year issue by the Australian Office of Financial Management (AOFM). There was a total of $7.5 billion of bids at the final clearing price of the inflation-linked bonds and the Australian Financial Review reported the...
Bloomberg has announced that the Bloomberg Barclays fixed income benchmark indices have now been rebranded as the 'Bloomberg Fixed Income Indices' beginning August 24, 2021. This rebrand marks the end of the five-year transition period following Bloomberg’s acquisition of Barclays Risk Analytics and Index Solutions (BRAIS) in August of 2016. The flagship...

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