Company updates
Newcrest has delivered an improved operational result for the March quarter. While the Newcrest bonds have rallied in recent months we believe there is still room for further upside if gold prices remain resilient
Company factsheets
Australia’s largest gold producer and ranked in the top five global producers by output. It owns a portfolio of six production assets in four countries
Company factsheets
Australia’s largest gold producer and ranked in the top five global producers by output. It owns a portfolio of six production assets in four countries
Company factsheets
Australia’s largest gold producer and ranked in the top five global producers by output. It owns a portfolio of six production assets in four countries
Trade opportunities
We look at the recent volatility in commodity sector bonds and what this means for bond investors
Company updates
Newcrest 1H16 results were down on the prior period reflecting a 10% lower gold price. From a credit perspective, it was positive to see an improvement in free cash flow and that the company was still able to deleverage despite the lower gold price during the first half. We expect to see an improved 2H16 performance given the gold price is now rallying
Company updates
Newcrest has posted a strong December quarter performance, driven by production and cost improvements
Company updates
Fortescue looks poised to continue to pay down debt, Newcrest has announced an update on the operational issue at its Cadia mine and PAYCE and Mirvac announce a joint venture for the East Village development which is very positive for PAYCE bonds
Company updates
We have now added four tranches of the massive BHP subordinated bond issue to the DirectBonds list. Minimum sized parcels vary and currencies include: USD, GBP and EUR. The relevant company news this week includes: BlueScope released a 1H16 trading update and an acquisition announcement, Newcrest reported a moderately weak September quarter and Qantas continues to report strong growth in the month of September
Trade opportunities
Following the FY15 reporting season, we look across the US dollar space and highlight the top four bond opportunities for investors seeking to add US dollar exposure to their portfolio