Education (basics)
A guide to help you to understand some of the different features of the investments and how to interpret the returns quoted, and includes a list of key definitions
General
In our view, covenants are one of the most important protections for investors in high yield bonds as they ensure that issuers will operate within relatively tight boundaries so that credit quality is at least maintained at certain levels and, in some cases, improved over the life of the bonds.
General
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Education (advanced)
On 14 February, the FIIG Research team held a webinar to discuss their recently released 2019 Credit Outlook. Thomas Jacquot, Head of Research provides a recap
Company updates
We have provided a research update on JEM Southbank's intention to refinance its 2020 notes as soon as possible.
Company updates
A consortium comprising CK Infrastructure, CK Asset Holdings and Power Assets Holdings (CKI Consortium) has tabled a non-binding indicative offer to acquire 100% of the securities in APA Group, Australia's largest gas network owned operator.
Company research
This note looks at how non payment by a company is not the only scenario that rating agencies consider a default
Company updates
Given the recent fall in price, we are changing our recommendation on Eric Insurance's 10% notes due 2026. Our outlook rating remains.
Company research
With two high yield USD bonds available, Virgin is now looking to issue another into the AUD high yield market. Research has initiated coverage on its current USD bonds, recent half year results and company outlook
Company research
We initiate our coverage on Virgin Australia’s 8.5% notes due 2019 and 7.875% notes due 2021.