Company updates
In case you missed the company news we have published this week, here is a summary
Company updates
The company is progressing in-line with forecasts given at the time of the FIIG-led origination, and is ahead of its own forecasts
Company updates
Dicker Data (DDR) has released a brief 1Q15 update highlighting revenue and EBITDA results progress
Week in review
US Fed removes the word ‘patient’ and US and Aussie yields fall; two new FIIG-originated bonds launched – Dicker Data Ltd and McPherson’s Ltd; flows dominated by switches into the two new issues and results in a wide variety of bonds becoming available; and Swiss Re announce a tender offer for their Tier 1 securities.
Trade opportunities
Dicker Data launched a $40m, five year floating rate wholesale bond issue through FIIG Securities. The senior unsecured bonds will pay a floating rate of 440 basis points (bps) over 90 day bank bill rate and are available to wholesale investors only
Company research
Dicker Data Limited (DDR) is an ASX listed wholesale distributor of computer hardware and related products with a 36 year history and a market capitalisation of $216m (12 March 2015)