Based in Tullamarine, Victoria, Ansett Aviation (AAT) has a 40-year plus operating history, commencing from when Ansett Australia and its associated airlines first conducted pilot training in the 1970s.

AusNet Services Holdings Pty Ltd is a wholly owned subsidiary of AusNet Services Limited (AusNet or Group) and is the common vehicle for the Group’s fundraising activities.

Extending duration in AUD investment grade (IG) bonds makes sense in the current economic environment where yield curves are expected to shift lower.

Last week we looked at events that shaped 2018. This week we will consider what these events imply for 2019 and how investors should position their portfolios.

IAMGOLD Corp reported its 2018 operational results, with production volume and cash cost of production in line with guidance. Given current cash balance, the company continues to be net debt free.

We have upgraded our recommendation on CF Asia Pacific's 8.35% Notes due 2020 due to recent price movement.

Given our overall macro view that 2019 is likely to see increased volatility and a rising probability of a severe correction, this Infrastrucutre sector will likely demonstrate much greater stability given the predictability of its cash flows, as well as its essentiality. This supports our Overweight outlook on the sector for the next 12 months.

The underlying credit fundamentals for financials are expected to remain sound in 2019, despite pressure on earnings for both commercial banks and general insurance providers.

Adani Abbot Point Terminal is performing slightly ahead of expectations, with current throughput about 10% ahead of prior year. We have revised our recommendation on the 2020 AUD notes to Underperform, due to yield compression as the next call date rapidly approaches. Although the current yield to worst of close to 4% may continue to be attractive to some investors, we believe there is better value in other names in the infrastructure sector. We are maintaining our Outperform recommendation on the 2022 USD notes.

Volatility increased in financial markets during 2018 with several geopolitical issues and tensions impacting asset classes and performance. Here we look at some of the key highlights from 2018.

Many residential property indicators are around the worst levels in years. The current environment is clearly weak and the housing market is likely to remain soft for some time.

Australian macro-economic conditions remain soft and are deteriorating based upon some measures, however, they are generally supportive of corporate and industrial credits.

With volatility set to continue into Q1 2019, it’s crucial for USD allocations to be diversified across sectors. Nevertheless, there is still a compelling argument for high yield with solid returns in the long run.

Lucas is a diversified civil construction, infrastructure and resources contractor in Australia. Established in 1969 and based in Adelaide, the company is privately owned by the Lucas family. David, Vivienne & Ben Lucas remain Directors within the business.

FMG’s 2022 and 2024 High Yield (HY) bonds have been added to FIIG’s USD DirectBond list. The bonds offer exposure to a well-known Australian company, and are an attractive inclusion in USD portfolios yielding over 5.20%pa and 5.80%pa, respectively.

TransAlta Corporation (TransAlta), headquartered in Calgary, is one of Canada’s largest publicly traded wholesale power generators and marketers. It owns, operates, and manages a highly contracted and geographically diversified portfolio of assets representing nearly 9,000 megawatts (MW) of gross generating capacity across more than 70 facilities in Canada, the US and Australia.

TransAlta Corporation (TransAlta), headquartered in Calgary, is one of Canada’s largest publicly traded wholesale power generators and marketers. It owns, operates, and manages a highly contracted and geographically diversified portfolio of assets representing nearly 9,000 megawatts (MW) of gross generating capacity across more than 70 facilities in Canada, the US and Australia.

TransAlta Corporation (TransAlta), headquartered in Calgary, is one of Canada’s largest publicly traded wholesale power generators and marketers. It owns, operates, and manages a highly contracted and geographically diversified portfolio of assets representing nearly 9,000 megawatts (MW) of gross generating capacity across more than 70 facilities in Canada, the US and Australia.

The transaction is a single-borrower secured loan commercial mortgage-backed security (CMBS) that is secured by a portfolio of 85 pubs leased and operated by Australian Leisure and Hospitality Group Pty Ltd. (ALH).

FMG Resources (August 2006) Pty Ltd is a wholly owned subsidiary of Fortescue Metals Group Ltd. Fortescue Metals Group Ltd (FMG) is an ASX listed iron ore production and exploration company based in Perth with a market capitalisation of AUD12.9bn as at 12 December 2018.