Company updates
This week, Adani completes senior secured debt issue, Genworth US deal expected to close, Kindred calls its 2023 notes, JC Penney downgraded by Moody’s, Petrobras’ early tender results, and StockCo seeks consent to refinance debt. FIIG Research provides a recommendation update
At FIIG
Our latest new issue from Next Gen pays a fixed rate of 7.90%pa and is from Australia and New Zealand’s leading health, racquet and lifestyle group
Market stats
Trade opportunities
See the top rates for bonds and term deposits available this week
Trade opportunities
One of our recurring themes is to reduce risk in your portfolio. We make some suggestions from BB rated credits right through to AAA rated securities for both wholesale and retail investors and in AUD and USD
New issues list
New issues for the period 6 June – 12 June 2018 including: AfDB, Barclays, EIB, Macquarie
Opinion
Shares are not proxies for bonds. Telstra and the major banks are examples why shares and bonds play very different roles in portfolios – one for growth, the other for income and capital preservation
Week in review
Fed minutes due Thursday with a hike anticipated, HCA the standout USD trade, Kindred calls its 2023 bond, Virgin’s AUD bond flies out the door, and Cash Converters popularity continues after equity raising announcement. Sell off in AUD investment grade with investors switching to floating rate notes
At FIIG
We are delighted to bring you our first ever podcast, which we’ve called BondCast. Cut your reading time and listen to a podcast instead. This week features Virgin, Plenary and Cash Converters
Trade opportunities
One of our recurring themes is to reduce risk in your portfolio. We make some suggestions in investment grade bonds in AUD and USD