Unsecured bond holders in Virgin Australia, owed nearly $2 billion, will have their fate decided in the coming weeks with the impending sale of the airline to one of two short-listed U.S.-based bidders.
Virgin most recently raised $325 million through an ASX-listed bond issue and US$425m through the U.S. high...
Donald Trump largely stuck to his script on Friday when talking about Hong Kong and China, so investors collectively breathed a sigh of relief. As such, risk assets were able to largely squeak a bit higher, although 10yr UST yields dipped 5bp to 0.65%.
This may all change this week,...
After David Jones was granted covenant waivers from its banks last week, bondholders will likely have little option but to agree to the waivers as well. This follows a reported collapse in sales last week.
David Jones and its stable of Australian fashion stores under the Country Road Group reported...
Telstra, Transurban and APT Pipelines all issued euro-denominated bonds over the last few months, accessing the busier than usual European bond market.
In contrast, the domestic corporate bond market has been relatively quiet until last week when Woolworths broke the drought and bought a $1 billion, dual tranche deal to...
Professional fixed income investors are increasingly turning their attention to emerging markets as they chase more attractive yields and greater diversification, according a new survey by Invesco.
The third annual Invesco Global Fixed Income Study captures the views 159 CIOs and fixed income asset owners globally with combined AUM totalling...
Ares Australia Management, a joint venture between Ares Management Corporation and investment management company Fidante Partners, has launched its first Australian product, the Ares Global Credit Income Fund.
AAM Head Teiki Benveniste said the fund had been developed to meet the strong demand from Australian investors for strategies that aim...
The Reserve Bank of Australia has broadened the range of corporate debt securities that are eligible as collateral for domestic market operations to include non-bank, investment grade securities, to assist with the smooth functioning of Australian capital markets.
Reserve Bank Governor Philip Lowe, following its monthly meeting on Tuesday, announced...
As published in The Australian on Saturday 25 April 2020
Australia’s fledgling retail corporate bond market hit a speed bump this week as one of the best known companies in that space, Virgin Australia, went into administration.
Unlike share investing, bond investing is all about the solvency of the bond issuer....
In a quirky reversal, the big, bad banks of Royal Commission days are now being asked to don their Avenger capes and come to the rescue of businesses and individuals caught up in the savage coronavirus whirlwind.
While deferring payments and extending credit, encouragingly, they have also increased term deposit...
