Week in review
The EU and Canada sign a free trade deal, Trump improves in the polls after FBI opens a new investigation into Clinton email usage and we add Geo Group to our DirectBond list
Trade opportunities
Qantas and Virgin Australia have issued new bonds into the AUD and USD markets respectively
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
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
BlueScope will raise USD500m in new 5 year unsecured bonds. Part of the proceeds will be used to partially call principal on the existing 2018 bond
Trade opportunities
FIIG has DirectBonded the Royal Bank of Canada 27 January 2026 subordinated bond. The bond presents an opportunity to diversify away from USD resource exposure into a stable, investment grade financial institution. The recent positive swings in oil prices and iron ore have seen resource bond prices shift higher. Existing USD investors could take some profit and risk off the table and switch some of their investment into the bank and still achieve returns of 4% pa
Trade opportunities
Retail investors can now invest in high yield Moneytech Finance bonds with an indicative yield to the par call date of 6.85% and a yield to maturity of 7.39% per annum in minimum parcels of $10k
Trade opportunities
Retail investors can now invest in high yield Dicker Data and McPhersons bonds with yields to maturity ranging from 6.52% to 7.69% per annum
Trade opportunities
Six new subordinated bonds have been added to the DirectBond list for wholesale clients and more are expected to follow in the coming weeks
Week in review
Last week’s most important news arrived late on Thursday night when the Fed left rates on hold in the US – we summarise the response from markets. In FIIG deals, two new bonds, both maturing in 2019, have become available to retail investors – the Coffey floater and 360 Capital fixed rate bond