As published in The Australian on Saturday 15 June 2020
Virgin Australia’s administration is a recent low point for Australian financial markets, with mums and dads being caught holding corporate bonds that may prove worthless.
The airline business is inherently risky. Oil prices, currency fluctuations, a commodity-like service and the threat...
Today, the U.S. Federal Reserve will begin purchasing up to US$250 billion in individual corporate bonds as part of its previously announced measures to backstop corporations and their employees.
The Secondary Market Corporate Credit Facility will begin buying a broad and diversified portfolio of corporate bonds to support market liquidity...
Betashares has launched BetaShares Global Government Bond 20+ Year ETF – Currency Hedged (ASX:GGOV), its seventh cash and fixed income fund, designed to invest in government bonds from G7 countries. It will be benchmarked against the S&P G7 Sovereign Duration-Capped 20+ year AUD Hedged Bond Index.
While the fund is...
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...
