BlueScope expects significantly improved earnings for the half year to 30 June 2016
BlueScope has announced that it expects half year earnings before interest and tax (EBIT) to 30 June 2016 of $270m. This is up 29% from the previous guidance provided in February and reflects improved steel prices as well as earlier than expected targeted cost reductions. A link to the announcement is available here.
BlueScope’s 2021 US dollar bond saw a moderate rally on the news, with bonds currently offered at an indicative yield to maturity of 5.37%.
Please contact your FIIG representative for further details on the BlueScope bonds. Available to wholesale investors only.