On 24 May, Liberty Financial’s senior unsecured bonds began trading on the secondary market. Last week we DirectBonded the issue, making it available to wholesale investors from $10,000 per bond
Last week Standard & Poor’s downgraded 23 Australian financial institutions. There has been sporadic price weakness on forced selling and this has spurred questions from investors regarding another important source of funding – Residential Mortgage Backed Securities
Investors in Qantas bonds since March 2013 have benefited substantially from positive operating conditions and a return of the bonds to investment grade. Credit investors now have better options
Barminco and Broadspectrum both called bonds this week, coupled with the recent Swiss Re call, there will be plenty of cash looking for a home in the next month or so. Investors can trade prior to maturity to take advantage of current offers.
Late last week, Swiss Re announced that the company would be redeeming its Australian dollar legacy Tier 1 hybrids at the first opportunity on 25 May 2017. Both fixed and floating rate notes will be called
Moody’s recently published their latest ‘Sector Comment’ regarding Australian Residential Mortgage Backed Securities (RMBS) and drew several conclusions about the pools of mortgages they rate. We profile the Liberty 2014 -2 and test an extreme scenario
Global credit rating agency Moody’s recently provided an updated structured finance outlook for 2017 that considered asset backed securities (ABS), covered bonds, and residential mortgage backed securities (RMBS)
Although the rate of return is attractive, now is a better time than ever to sell indexed annuity bonds while prices are higher and inflation is lower for longer