One of our recurring themes is to reduce risk in your portfolio. We make some suggestions from BB rated credits right through to AAA rated securities for both wholesale and retail investors and in AUD and USD
Credit ratings matter in bond markets. A high credit rating means lower risk that translates to a lower cost to borrow, and therefore a lower yield for investors.
See the guide below describing the different credit rating meanings. Note that the ‘AA’ range is deemed ‘Highest quality’ while the lowest rated investment grade ‘BBB’ range is described as ‘Lower medium grade, adequate but weakened payment capacity’.
Move down into sub investment grade or high yield and the ‘BB’ range is described as ‘Speculative, elevated vulnerability, substantial risk but likely to fulfil obligations.
Source: FIIG Securities, S&P Global Credit Ratings, Moody’s and Fitch
Historically, some corporations have bought insurance to improve credit ratings and lower the cost to issue. These days those particular bonds that are ‘credit wrapped’ are often overlooked or not given credit for the ‘wrapper’ even though it is still in place and does provide additional security to the bondholders.
One such bond that I’ve liked for many years is an inflation linked bond by Australian Gas Networks (AGN), previously known as Envestra. The infrastructure company owns 22,000 kilometres of mains pipeline servicing one million customers across five states and territories. The bond has a credit wrap from Assured Guaranty that improved its credit rating at first issue, lowering its cost of funding. The AGN bond is deemed very low risk. Unfortunately as the bond is available to retail investors we cannot disclose its credit rating.
However, here is a list of bonds available to retail and wholesale clients, moving from lowest risk at the top of the table to highest risk at the end.
Australian dollar bonds available to retail and wholesale clients
![](data:image/png;base64,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)
Source: FIIG Securities
Note: Prices and credit ratings accurate as at 11 June 2018, but subject to change
- All bonds are senior unsecured, except the ANZ bond which is subordinated
- Inflation linked bonds assume inflation at the RBA target mid point of 2.5%pa
- Credit ratings cannot be disclosed to retail clients, however this list runs from lowest risk issuer by credit rating then for similarly rated credits
- Assumes early maturity dates equates to lower risk, although this is not necessarily the case
This is the first of three tables, showing a range of bonds to give you an idea of what’s possible but the bonds listed are in no way recommendations. You’ll still need to do your research to determine if they suit your risk/ return and cashflow goals.
In the next table we show a range of Australian dollar denominated bonds that are available to wholesale investors only. We can therefore disclose the credit ratings.
Australian dollar bonds available to qualified wholesale clients only
Source: FIIG Securities
Note: Prices and credit ratings accurate as at 11 June 2018, subject to change
Scanning the list above, just goes to reiterate the very low interest rate environment and as a consequence, the low yields available on many investment grade bonds.
However, you can see that typically, the shorter the term, the lower the yield. So one way to try and increase yield is to invest for longer. The Aroundtown SA bond is a good example with a longer May 2025 maturity date delivering a yield to worst of 4.34%pa.
We don’t list any AUD sub investment grade bonds given our theme is to reduce risk by moving up the credit rating spectrum.
The final list shown below is of US dollar bonds. We do have some sub investment grade bonds here, with the lowest rating we show being BB-. We do not make any CCC bonds available under FIIG policy with single ‘B’ range bonds, the lowest on our available list. Below we chose to just show ‘BB’ range and above, for this week’s theme of moving up the credit rating spectrum.
USD bonds available to qualified wholesale clients only
Source: FIIG Securities
Note: Prices and credit ratings accurate as at 11 June 2018, subject to change
All bonds are fixed rate
Two classes of securities are that are worth considering but not mentioned in this note are indexed annuity bonds which are available to both retail and wholesale clients as well as residential mortgage backed securities (RMBS) available for wholesale qualified clients only.
For more information please call your local relationship manager.
Click here to find out if you qualify as a wholesale client.