Tuesday 19 May 2015 by Company updates

Qantas 2022 bond now available to retail investors

We are pleased to announce the Qantas 7.75% fixed rate bond maturing on 19 May 2022 is now available to retail investors. With an indicative yield to maturity of 5.20%, the bond is one of the highest yielding available to retail investors. The bond is available in minimum investment amounts of $10,000

Aircraft in the sunset

Qantas is a household name to most Australians and is the country’s flagship airline. Qantas experienced a challenging period up to the first half of 2014 when its credit rating was downgraded to below investment grade. However, since then the airline has significantly turned around its business. The 1H15 result saw a return to profitability with an underlying profit before tax of $367m for 1H15, up from a $252m loss in 1H14. Further, the result overshot its own guidance for the half year. The company has highlighted than an improvement in credit metrics is a priority and is targeting a $1bn debt reduction by the end of FY15.

The Qantas research report can be found in related articles.
 
Please note pricing is indicative only and subject to change. Please contact your FIIG representative for more information on the Qantas 2022 bond.