The model portfolio return over the 2015-16 financial year was +4.24%, strongly outperforming the benchmark return of +1.98%. In terms of individual exposures, the portfolio benefited from positive contributors to performance from the Suncorp Convertible Preference Shares II (ASX Code: SUNPC), ANZ Convertible Preference Shares 3 (ASX Code: ANZPC) and the AMP Subordinated Notes 2 (ASX Code: AMPHA), contributing [...]
The concept of liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without having a material impact on price. Similarly, bond market liquidity refers to the extent to which the bond market allows assets to be bought and sold at stable prices. Cash or cash equivalent securities are the most [...]
In recent weeks, one of Australia’s biggest hospitality groups, Keystone Group, has gone into receivership. Keystone Hospitality runs 17 establishments across Australia and employs around 1200 people. Although a private company, the company’s fall highlights some important lessons in debt management. The Keystone story is a case of the company that grew too quickly. Two years ago, the group [...]
Click here to access the BondAdviser Ratesheet as at 5 July 2016
Click here to access the BondAdviser Ratesheet as at 4 July 2016
With the prospect of further political instability in both the lower and upper houses of parliament, the credit rating agencies may finally lose patience and place the Australia’s ‘AAA’ credit rating under formal review. Both major parties are in the process of negotiating with the minor parties and independents in the wake of Saturday's knife edge result and as a [...]
A week is a long time in markets and equity and credit investors outside of Europe have now all but forgotten the impact of Brexit but government bond yields remain very low. Westpac Capital Notes 4 commenced trading last Friday and traded strongly with $13.4 million trading hands. It closed at $101.54 or a margin of 4.78% (0.12% tighter [...]
Click here to access the BondAdviser Ratesheet as at 1 July 2016
Click here to access the BondAdviser Ratesheet as at 30 June 2016
Click here to access the BondAdviser Ratesheet as at 28 June 2016
An employee-owned financial services provider focused on the Debt Capital Markets.
An employee-owned financial services provider focused on the Debt Capital Markets.
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ABN 31 164 148 467 ‧ Important Information
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
