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...
Global Asset Allocation Viewpoints and Investment Environment by T. Rowe Price Australia Investment Committee, as at 31 July 2021 Portfolio positioning We remain modestly underweight equities relative to bonds and cash as the risk/reward profile looks less compelling for equities and could be vulnerable to fading policy support, higher rates,...
BetaShares has announced the Australian ETF industry broke its all-time record for inflows, receiving $2.8B and accounting for virtually all the growth in the industry in July. In its latest BetaShares Australian ETF Review, the ETF and fund manager said the industry ended July 2021 at a fresh all-time high...
This article on the UK government's green gilt was written by Anastasia Petraki, Head of Policy Research at Schroders, and Saida Eggersted, Head of Sustainable Credit at Schroders. The original article can been found here and has been republished with permission. With the COP26 climate summit in November fast approaching, all...
Westpac Banking Corporation has announced the offer of Westpac Capital Notes 8 which is a new additional Tier 1 capital instrument. The bank is looking to raise AUD$1billion which will help it maintain its requirements under the APRA capital adequacy framework.  The offer opening date is 25 August 2021 and will...
COVID-19 is still making it difficult, if not impossible, to physically travel to many parts of the world. That's not likely to change anytime soon. But, somewhat paradoxically, investors are travelling overseas like they've never done before. The pandemic has been the key driver for the biggest surge in global investment...
In a first for Australian investors Australian Bond Exchange, in conjunction with C2 Specialist Investments Pty Ltd, recently admitted to quotation status on Australian Bond Exchange a new 4.5% p.a. AUD fixed rate security over international car manufacturer Jaguar Land Rover to Australian investors. The product is referred to as...
Macquarie Bank (ASX:MBL) has now opened its offer for Macquarie Bank Capital Notes 3 (BCN3). The offer is expected to close on Tuesday 24th August 2021. BCN3 securities are perpetual, unsecured, convertible, non-cumulative and subordinated notes. BCN3 are mandatorily convertible to MGL ordinary shares on 8 September 2031. There is...

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