Company updates
This week, New FIIG originated bond from CFAP, QBE earnings revisions and ratings action, Sydney Airport upgraded, and updated DirectBond filter list and Factsheets. New DirectBonds from Newcastle PBS and Noble
Company updates
QBE FY17 results release is scheduled for 26 February
Company updates
Despite worse than expected weather events and natural disasters, QBE’s ratings were affirmed by S&P and Moody’s. We believe the USD 5.875% 17 June 2046 subordinated Tier 2 bond is trading at fair value
Week in review
The rise in US government bond yields makes a December Fed hike seem certain, assuming US payroll data on Friday continues positive momentum
Company factsheets
QBE Capital Funding IV Limited GBP 7.50% 24 May 2041 Lower Tier 2 bond
Week in review
Poor news for Australian investors as election uncertainty continues. Demand grows for bonds which have rallied in the aftermath of Brexit
Trade opportunities
In a first for FIIG, one of our three new DirectBonds is a Chinese based food and vitamin group issuing a bond in USD, offering fantastic diversification to wholesale investors away from financials and resource companies
Company updates
Net profit after tax up 24% on 1H14, despite a USD150m increase in the gross cost of catastrophe claims driven by the worst series of weather events in Australia since 2011
Trade opportunities
With currency and credit spread movements topical at present, we remind readers of the numerous options available in GBP
Company factsheets
QBE Insurance Group Ltd USD 5.875% 17 June 2046 subordinated Tier 2 bond