ASX-listed gold miner Northern Star Resources Ltd has priced US$600 million worth of senior 10-year notes, paying 6.125 per cent a year paid semi-annually according to an ASX announcement today.
The notes due in April 2033 will be guaranteed by certain wholly-owned subsidiaries of Northern Star.
The company said it intends...
Hot on the heels of ANZ’s successful Tier 2 subordinated bond issue, NAB has also issued a Tier 2 bond this week. The new issue raised A$1.25 billion.
The issue had two tranches, both had a 10NC5 structure. That is, have a minimum five-year term but the term can be...
Cboe Australia has welcomed XTB’s innovative exchange-traded corporate bond products (XTBs) to the Cboe Funds platform.
In partnership with XTB, Cboe Australia has launched a series of XTBs which provide retail investors with access to corporate bonds from four of Australia’s largest companies, Aurizon, Bank of Queensland, Coles, and Qantas.
XTBs...
Companies in Australia have turned to the local debt market this year selling a record amount of local currency bonds as domestic borrowing costs rise more slowly than the US and banks replace funding that was cheap due to Covid-era measures.
According to Bloomberg AUD$73 billion has been raised so...
Facebook's parent company Meta Platforms Inc. asked Morgan Stanley, JPMorgan Chase & Co., Bank of America Corp., and Barclays Plc to canvas investors for a potential senior unsecured debt offering last week and then made its bond-market debut with a US$10 billion deal.
Meta had not previously entered the bond...
Blue-chip U.S. companies are expected to ramp up their issuance over the next two weeks even as the markets digest the new coronavirus variant which has caused shakiness across the board since Friday.
Bloomberg is reporting that Wall Street syndicate desks are projecting about US$35 billion of new investment-grade issues...
Corporate watchdog ASIC is warning of a fake Qantas corporate bond scam targeting Australian investors.
ASIC said it was aware Australians have been directly offered fake Qantas corporate bonds with interest rates of 7.75% per annum.
"Scammers are using the legitimate Qantas bonds listed on the ASX which have a coupon...
Investors are using corporate bonds to boost prospective returns within their fixed income portfolios with government bond yields at record lows, which is creating a 'tailwind' for the asset class according to First Sentier Investors.
The Global Credit Outlook 2021 paper argues prevailing economic conditions should underpin credit demand going...
Afterpay buy now pay later rival Zip has successfully priced an A$400m senior unsecured convertible notes offer.
The notes are set to mature in April 2028 and are convertible into fully paid ordinary shares of Zip with an initial conversion price of A$12.39 per ordinary share, which represents a conversion...
A new series of notes will be issued by Centuria Capital No 2 Fund and listed on the ASX in a bid to raise $100 million.
A statement by Centuria, an ASX-listed specialist investment manager with around $10.2 billion in funds under management in property funds and investment bonds, said...
