When a new FIIG led bond issue is brought to the market, supply in other bonds increases as investors sell existing holdings. This presents a good time to invest as supply, including popular and tightly held issues, tips in investors favour
This year FIIG has raised a total of $150m for four companies, including $25m last week for invoice finance, payroll and recruitment services company, CML Group Limited. This has resulted in excellent supply across most of our more popular bonds. A list of bonds including those currently available across fixed, floating and inflation linked products are detailed below.
Source: Bloomberg, FIIG Securities
*Yield for Floating Rate Notes is the swap rate to Maturity/Call plus the trading margin
**Yield for ILB equals Real Yield plus a current inflation assumption of 2.5%
Red: Available to wholesale client's only
Yields and prices are indicative only accurate as at 12 May 2015 and subject to change
This is a particularly good time for new investors seeking to build a balanced portfolio given the broad spectrum of available bonds, as well and an opportunity to increase or add sought after names to your investments. Also there are a large number of bonds available to retail investors. Bonds that are available to wholesale investors only are shown in red. This is a good time for retail investors, who are not able to participate in new issues, to take advantage as other investors are selling down their retail investments to buy the new issue.
In simple terms, investors should take note when FIIG brings a new bond issue to the market, supply of bonds in the secondary market increases.
All prices and yields are a guide only and subject to market availability. For more information, please call your FIIG representative or our general line 1800 01 01 81.