Opinion
We look broadly at the current state of the coal market and the implications for coal-related bonds available to FIIG investors
Company updates
After a spate of earnings downgrades, do Ausdrill’s two recent contract wins suggest the company is turning things around?
Trade opportunities
The Glencore bond was issued at 140bps over the 5 year swap rate, and is already trading 3–5bps tighter in the secondary bond market
Company updates
Adani Abbot Point Terminal Pty Ltd (AAPT) launched an initial bond offer on 19 May 2014 through FIIG Securities Limited (FIIG), seeking to raise up to A$100m from wholesale investors
Company research
Adani Abbot Point Terminal Pty Ltd (AAPT) (BBB-/Baa3) owns the Abbot Point Coal Terminal located 25kms north of Bowen Queensland. The terminal is one of the largest coal terminals in Australia with a capacity of 50 million tonnes per annum (Mtpa), behind Dalrymple Bay Coal Terminal (DBCT) which has a capacity of 85Mtpa