CBL Insurance (CBL) is the largest and oldest provider of credit surety and financial risk insurance in New Zealand and has been operating for over 40 years. CBL provides a range of property-related insurance and reinsurance products. Although based in New Zealand, it has an extensive international presence in Europe, Malaysia and Latin America. CBL is not rated by the [...]
One of the fundamental functions of capital markets is to determine an appropriate pricing of risk – the process of finding that magical equilibrium where the capital surplus suppliers and the capital deficit demand side are mutually agreeable, representing the fair cost of capital, given all the available information. That is the theory anyway. In practice, determining an appropriate price [...]
On 10th January 2018, financial markets around the world took serious notice of reported “threats” from an unnamed Chinese official to slow down or halt the country’s US Treasury purchases. China, which holds approximately US$1.2 trillion of US Treasuries as part of its US$3.1 trillion in foreign exchange reserves and is America’s biggest creditor, is widely seen to be veiling [...]
The seventy-nine year-old luxury handbag retailer Oroton became the latest high-profile victim of the changing retail landscape in Australia, when it entered voluntary administration on 29 November 2017. Its’ stores will continue to trade and employ staff on a business-as-usual basis while administrators attempt to find a resolution, most likely through a white-knight buyer. Oroton first listed on the ASX [...]
Australia lags the world in lots of things and a fully mature, evolved capital market is one of them. We believe that not having one actually saved the bulk of Australia from the worst of the last credit crisis with only isolated, smaller players falling foul of poor investment decisions and fragile funding strategies. A ‘mature’ market is just so, [...]
Earlier this week marked the debut of new wholesale bonds from New South Wales electricity distribution company, Ausgrid (previously known as Energy Australia). The transaction raised $1.2 billion over a fixed rate ($750 million) and floating rate tranche ($450 million), and was the largest Australian corporate issuance since Telstra’s $1 billion issuance (three tranches) in April this year. The 7-year [...]
In recent years, unlisted Queensland sugar milling company Mackay Sugar has come under intense financial pressure. This has been largely attributable to the significant debt pile the company has accumulated over the past decade, which has left management no choice but to explore recapitalisation options. As we would expect with any agricultural company, Mackay Sugar is heavily capital intensive and [...]
As history has shown, technological advancement is inevitable. Facebook invented the concept of social media advertising, Amazon’s rise of e-commerce power is currently revolutionising the retail industry and share-ride app Uber has permanently altered people's transport options. History has also shown that companies who fail to adapt to technological transitions generally become obsolete. A stark example of this is the [...]
Over the past few years, futuristic car-maker Tesla has grown into arguably the market leader in energy-efficient auto-manufacturing. The group’s equity market capitalisation reached US$45.5 billion earlier this year in March, surpassing Ford’s US$45.4 billion for the first time. However, given the latter boasts revenue and assets of US$151.8 billion and US$238 billion respectively versus Tesla’s US$7 billion and US$22.7 [...]
On the 3rd August 2017, the Australian Transaction Reports and Analysis Centre (AUSTRAC) initiated civil penalties proceedings against the Commonwealth Bank of Australia (CBA) for ‘serious and systematic non-compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act)’. Alleged breaches of the AML/CTF Act include failure to perform risk assessment on CBA’s own Intelligent Deposit Machines (IDMs), failure [...]
An employee-owned financial services provider focused on the Debt Capital Markets.
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© Bond Adviser Pty Ltd ‧ ASFL 456783
ABN 31 164 148 467 ‧ Important Information
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
