Westpac Banking Corporation has engaged syndicate brokers to raise $750 million through the launch of its Capital Notes 9 hybrids issue. Pricing of Westpac Capital Notes 9 is expected to be between 3.4 per cent to 3.6 per cent above the three-month bank bill swap rate. It also includes an...
Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook. Market Review Renewed central bank inflation-fighting resolve, and a preparedness to bear the costs of tighter monetary conditions, pushed global and domestic yields higher. Equity and credit markets gave back earlier...
This afternoon the RBA increased the official cash rate by a further +25 bps to 3.10%, which was in line with consensus.  The statement was largely unchanged from the prior meeting and if anything is on the hawkish side of expectations.  There is no suggestion a pause in rate...
There was a 24.5% per cent increase in fixed interest ETF buy trades in the half year to end December 2022, according to data from wholesale trading platform AUSIEX. And it is continuing this year. A mixture of floating rate, government, corporate and composite Bond ETFs comprised the top 10...
IAM Capital Markets has been mandated by ZEN Energy Pty Ltd in a joint lead manager capacity to raise up to AUD $150M across two pari passu ranking loan tranches in Q1 FY24. The fixed rate notes have a three-year maturity and pay quarterly fixed rate interest in the...
Hejaz Group, a global Islamic Finance provider, has launched Australia's first ever Sukuk active exchange-traded fund (active ETF), enabling investors to access a Shariah-compliant bond alternative product for the first time. The Hejaz Sukuk Active ETF (Managed Fund), will be available on the ASX from 2 November 2023. The Hejaz...
T. Rowe Price has launched the Global Government Bond High Quality Fund as the firm’s seventh Australian Unit Trust (AUT) for wholesale and institutional investors. The fund seeks capital appreciation and interest income by investing primarily in bonds issued by high quality governments, government-related entities and government agencies located around...

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