At FIIG
Cut your reading time and listen to a podcast instead. This week's BondCast looks at switch opportunities featuring JEM Southbank, and StockCo goes retail
Company updates
JEM Southbank’s June 2020 nominal bonds are widely held. They have a Scheduled Maturity Date in June 2018 – if they miss the date, the bonds convert to floating rate with a final maturity in June 2020. We assess the options and make recommendations. We think these bonds offer good relative value even if you don’t already hold them
Company factsheets
JEM (Southbank) Pty Ltd (Southbank) is the financing vehicle for Axiom Education Queensland Pty Ltd ("Axiom Qld"). Axiom Qld was contracted by the State of Queensland to design, build and maintain facilities at the Southbank Institute of Technology in Brisbane, under a public private partnership (PPP) arrangement.
Opinion
Ian Silk, Chief Executive of the $100 billion Australian Super fund, has dispelled any doubt that we are stuck in a low interest, low inflation environment, announcing this week that Australian Super’s Balanced Fund had returned 4.54 percent for the 2015 to 2016 year
Trade opportunities
With real yields of between 2% to 3% on offer, inflation indexed annuity bonds (IABs) continue to represent a compelling investment proposition given the strong underlying credit quality.