Company updates
New Aroundtown DirectBond, MNK downgraded by S&P, Transocean purchases submersible rig through joint venture, and Sprint seeks consent to remove change of control risk. First quarter 2018 results from Dean Foods, Hertz, MNK, Petrobras, Talen and Valeant. Research initiates coverage on Virgin’s existing USD notes
Company updates
This week, rating action on Emeco and James Hardie, Pro-Pac completes merger with IPG, Perpetual Trustee RMBS added to the DirectBond list, 3Q17 earnings update from Hertz and zipMoney notes tracking well
Company factsheets
Hertz is a global provider of car rental and car lease services, and is the largest on airport car rental company in the US.
Trade opportunities
The US is in the middle of its reporting season. We summarise the results, but please note that most US companies are not covered by full research
Trade opportunities
Investors in retirement need an income. There is a lack of supply in Australian dollar denominated high yield bonds, but greater liquidity in the US means we have access to a number of bonds
Trade opportunities
We’ve added two new CenturyLink and one Hertz Corporation dollar fixed rate bonds to our USD DirectBonds list, and one Bendigo & Adelaide Bank floating rate bond to our AUD DirectBonds list. The DirectBonds offer indicative yield to worsts up to 8.61 % and are available to wholesale investors in minimum face value parcels of USD10,000
Company factsheets
Hertz is a global provider of car rental and car lease services, and is the largest on airport car rental company in the US.