Goodman Group (ASX:GMG) has issued its first sustainability-linked bond (SLB) supported by HSBC acting as Sole Sustainability Coordinator and Joint Global Coordinator and Bookrunner, for the US$500 million transaction.
The guaranteed senior unsecured notes are scheduled for maturity in 2032.
The SLB was issued into the United States’ Rule 144A /...
Investment platform provider iPartners has opened up its first basket to investors, which includes bonds from three ASX-listed corporations and Australia Post.
A basket is a collection of multiple securities, for example stocks or currencies, which share certain criteria or themes.
The iPartners Bond Basket Secured Note Series 1 is made...
Ampol Limited has commenced a fully underwritten wholesale offering of A$150 million of hybrid subordinated notes which fall due in 2082.
In a statement the company said the proposed issue forms part of Ampol’s ongoing capital management strategy and follows the successful issue of A$500 million of subordinated notes in...
Following the US Federal Reserve's 0.75 percent rate hike overnight, Mutual Limited CIO Scott Rundell has provided commentary on what the rate rise means for markets, cost of living and inflationary pressures.
“If nothing else works, a total pig-headed unwillingness to look facts in the face will see us through”...
ASIC has moved to assist issuers avoid ‘greenwashing’ and to provide investors with clear information about sustainability-related superannuation products and managed funds.
ASIC considers ‘greenwashing’ as the practice of misrepresenting the extent to which a financial product or investment strategy is environmentally friendly, sustainable or ethical.
ASIC undertook a ‘greenwashing’ review...
By Benoit Anne, Director, Investment Solutions Group, MFS Investment Management
Summary: Investors have preferred equities relative to fixed income for the last few years but the macro backdrop has changed dramatically. Value has been restored in fixed income, compliments of the recent rate correction. This may prompt investors to revisit...
Mutual Limited CIO Scott Rundell shares his initial thoughts on the RBA’s decision to raise rates by 50bps:
The RBA has pulled out the one wood and gone WHAMMY, hiking rates by +50 bps to 0.85%, double the consensus move. Underpinning the hike was inflationary pressures – no surprises there,...
Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook.
Market Review
Convicted moves and signalling by central banks to front-end load monetary policy tightening cycles look to have capped the rise in offshore and domestic yields. After peaking earlier in...
Retail real estate manager Vicinity Centres (ASX:VCX) recently issued a use of proceeds (UOP) green bond in the domestic market.
The company raised A$300 million at 165 basis points over quarterly swap, equivalent to a 4.927% with a six year term to maturity. Vicinity Centres is rated single A by...
The National Australia Bank has announced that it is seeking to raise $1 billion through the offer of NAB Capital Notes 6.
NAB Capital Notes 6 are convertible, subordinated notes that are scheduled to pay quarterly, floating rate, non-cumulative distributions in cash. The notes have an expected margin in the range...
