Last week, Bendigo and Adelaide Bank launched a new hybrid seeking to raise $350 million. The proceeds will be used for the redemption of BEN’s convertible preference shares.
The notes have a call date of 15 June 2027 and a mandatory exchange date on 15 June 2029. The deal is...
Bloomberg and MSCI Inc., a leading provider of critical decision support tools and services for the global investment community, have announced the launch of the Bloomberg Barclays MSCI Emerging Market Asia Credit Environmental, Social, Governance (ESG) index suite for investors.
This is the first Bloomberg Barclays MSCI suite consisting of...
A listed investment trust that provides Australian investors with direct exposure to the Australian corporate loan market has just recorded its third consecutive year since inception of delivering positive returns.
The MCP Master Income Trust (ASX:MXT), launched in October 2017, opened up a sector of the fixed income market that...
There is growing issuance and demand from investors for green bonds. In the last week there have been three new green issues in the Australian market.
1. Lendlease $500m bond
Lendlease’s financing arm Lendlease Finance raised $500m with settlement due 27 October. The seven-year fixed-rate bond has a 3.4% coupon. The...
Online ASX-listed cash management platform Cashwerkz Limited has reported a rise in revenues as a result of recent strategic initiatives in an update provided today to the market.
The company disclosed the following trading update with comment from chief executive Jon Lechte.
Group Revenues
The company announced significant month-on-month growth in revenue...
BetaShares' latest ETF review shows that the Australian ETF industry broke its all-time net flows record for September, receiving more than $2bn of net flows in a single month for the first time.
As a result, and notwithstanding sharply falling global sharemarkets, the industry grew to end the month at...
NABHAs being redeemed at last?
NAB has announced that it will be seeking shareholder approval at its AGM to redeem its NABHA perpetual hybrid in 2021.
The bank also needs board approval which has not yet been granted.
NABHAs were issued more than 20 years ago in July 1999 at a very...
Bloomberg has announced that Bond Income, a registered business name of ASX-listed Cashwerkz Limited, has adopted Bloomberg’s Trade Order Management System (TOMS) for its new bond and fixed income solutions for wholesale investors, financial advisers and investment policymakers of councils and not-for-profits.
Launched in August 2020, the new service, Bond...
The biggest impact from the Federal Government budget on the fixed income asset class is the massive debt it is going to undertake to help the economy through the COVID pandemic.
The AOFM, on behalf of the government will issue billions of dollars in new bonds to fund support measures...
Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook.
Market Review
Renewed COVID-19 outbreaks across the globe and a lift in geo-political tensions saw risk appetite wane. Equity markets were weaker, inflation expectations declined and there was some widening in...