Charlie Callan.

About Charlie Callan

Charlie is an integral part of the Investments team, leading generalist corporate coverage across the capital structure and credit fundamentals. Additionally, Charlie leads BondAdviser’s quantitative modelling in respect to relative value analysis and credit portfolio simulations. Read bio >
9 May, 2016

Bank Reporting Wrap-Up

By |2021-09-24T09:50:27+10:00May 9, 2016|Market Commentary|

The March 2016 quarter (1Q16) major bank reporting season kicked off last Monday with Westpac and ended with the Commonwealth Bank of Australia this morning. Across the sector profit growth was mixed with both ANZ & the NAB’s headline Statutory Net Profit/Loss after Tax (NPAT) being dragged down by various one-off write downs.   Westpac was a picture of stability [...]

26 Apr, 2016

Woolworths Increases Loan to A$2b-Equiv. From A$1.2b

By |2021-09-24T10:48:05+10:00Apr 26, 2016|Research|

CLOSED: Woolworths Increases Loan to A$2b-Equiv. From A$1.2b (Source: Bloomberg) -- The Australian dollar tranches were upsized as 49 banks committed, according to people familiar with the matter, who are not authorized to speak publicly and asked not to be identified. Tranches: (A)A$700m 3Y revolver (B)A$965m 5.5Y revolver (C)$260m 5.5Y term loan Allocations: MLAs: ANZ: (A)A$11m (B)A$14m CBA: (A)A$11m (B)A$14m [...]

13 Apr, 2016

What is Riskier: High Yield Bond or a Bank Hybrid?

By |2016-04-13T23:15:12+10:00Apr 13, 2016|Bonds, Market Commentary|

Over the past couple of years there has been increased focus on high yield securities as government bonds have fallen to all time lows. A portfolio of high yielding securities therefore requires an understanding of the different types of securities available. Investors have definitely moved up the risk spectrum into high yield bonds and/or hybrids. While we are not suggesting [...]