Metrics Credit Partners has reached an agreement to purchase the Australian corporate and acquisition finance loan portfolio of Investec Australia.
Investec Australia CEO and country head, Milton Samios, said: “We are pleased with this development as it will ensure local corporates continue to be served by a highly regarded local...
The corporate regulator has warned firms need to do the right thing by their investors after companies in the Mayfair 101 Group were found to have made statements that were false, misleading or deceptive in advertisements for its debenture products.
A statement by the Australian Securities and Investments Commission (ASIC)...
Pallas Capital is conducting a final raise for the Pallas FM Trust up to 31st March 2021 at its current 7.5% yield after which remaining tranches will be priced at 7% yield to maturity or less.
Pallas Capital executive director Mark Spring said, “Given the high demand for property first...
Australian iron ore giant Fortescue Metals Group Ltd (FMG) has completed a US$1.5 billion bond offering.
Fortescue initially sought to raise $US750 million but high demand drove the corporate bond offering to double in size.
The senior unsecured notes have an interest rate of 4.375 per cent, maturing in April 2031.
Fortescue...
Earlier this week, US-based cellphone carrier Verizon Communications issued a AU$1.25bn bond as part of a $25bn capital raising to help pay for 3,511 US 5G network licenses it won in a US government auction last month.
The total cost of the purchases was US$45.5bn plus approximately US$8bn in costs...
BetaShares’ latest review shows the Australian ETF industry continues to grow and reached yet another new record high of $97.3B at the end of February.
The company said in its report: “The industry’s market cap grew by a relatively subdued 0.5% for the month to reach a new record high of...
Ardea Investment Management, one of Australia’s largest fixed income investment managers, has launched a long-running relative value fixed income fund for the European market.
A statement by Ardea says its Global Alpha fund targets positive returns that are independent of interest rate moves and market volatility that may impact conventional...
Data released by research company Roy Morgan reveal Australians in February had inflation expectations of 3.7% annually over the next two years, up 0.1% points on January.
The result was the highest since February and March 2020 (4.0% for both). Inflation Expectations are now 1% point below their long-term average...
Jay Sivapalan - Head of Australian Fixed Interest at Janus Henderson - discusses what caused February’s bond market volatility and how the team are actively navigating the challenging conditions.
Over February the Australian bond market1 was down approximately 3.5%, suffering its biggest negative monthly return since 1983. In combination with...
The CBA is anticipating good interest from security holders for its PERLS XIII offer after institutional demand catapulted the offer to $1 billion.
The allocation was $250 million more than what the CBA said it intended to raise when the new tier-one capital transaction offer was announced in February.
The bank last...
