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Jul 21, 2020
On 20 July 2020, Privium Group (Privium, Company) provided a trading update for the 11 months ended 31 May 2020 and an update on progress of the refinancing of its notes. While full year results are still to be finalised, the Company reported a 5% increase in sales to 1,215 (FY19 1,154), with revenue to May of AUD235.3m and EBITDA of AUD12.0m.
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Jul 15, 2020
In our latest Credit Outlook looking at what's in store for the next six months, we consider the various dynamics at stake that will influence the financial markets and the economy for the rest of 2020. Notwithstanding better than feared data more recently, significant uncertainty around the recovery in employment and demand is likely to weigh on the private sector (businesses and households) for some time.
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Jul 10, 2020
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Jul 10, 2020
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Jul 10, 2020
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Jun 30, 2020
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Jun 26, 2020
Credit spreads have tightened materially since the dislocation
experienced in March this year, however prices have not fully
recovered, providing an investment opportunity in the USD space.
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Jun 26, 2020
The newest additions to FIIG’s USD DirectBond list are two investment
grade (IG) rated corporate hybrids issued by BP Capital. These newly
issued securities offer strong relative value.
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Jun 25, 2020
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Jun 25, 2020
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Jun 25, 2020
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Jun 23, 2020
Next Generation Clubs Australia (Next Gen, Company) recently provided a trading update. The update, which was in mid-June, coincided with the opening of some of its facilities. In Australia, all of its clubs have now reopened - Adelaide, Canberra, Perth and Sydney. However, Next Gen's clubs are currently operating in accordance with each state's social distancing guidelines (increased hygiene requirements in the near-term are expected to lead to higher operating costs).
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Jun 16, 2020
On 4 June 2020, Elanor Wildlife Park Fund (EWPF, Company) released its results for the period from 29 November 2019 (fund inception) to 31 March 2020. Results were considerably softer than forecasts as Featherdale Sydney Wildlife Park (Featherdale) and Mogo Wildlife Park (Mogo) were forced to close for extended periods of time due to severe Australian bushfires and measures to contain the spread of COVID-19.
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Jun 09, 2020
On 4 June 2020, Elanor Wildlife Park Fund (EWPF, Company) released its results for the period from 29 November 2019 (fund inception) to 31 March 2020. Results were considerably softer than forecasts as Featherdale Sydney Wildlife Park (Featherdale) and Mogo Wildlife Park (Mogo) were forced to close for extended periods of time due to severe Australian bushfires and measures to contain the spread of COVID-19.
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Jun 04, 2020
On 4 June 2020, Pioneer Credit placed its share in trading suspension, citing continued progress on the refinancing of its senior debt facilities, which are currently subject to a standstill agreement expiring in mid July.
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Jun 03, 2020
On 2 June 2020, Deloitte, as administrator for Virgin Australia Holdings Limited (VAH), announced that it has shortlisted two parties in the current sale process that was initiated in late April (upon VAH entering voluntary administration). These two parties are Bain Capital and Cyrus Capital Partners.
Given the very high profile nature of this process, there is significant media scrutiny and ongoing reporting, yet there remains limited reliable information available. As such, while we can only speculate on a number of matters being considered, we provide noteholders an update on where things stand.
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Jun 03, 2020
The June 2020 update to our DirectBond List including new additions and our current Trading Restrictions list.
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Jun 03, 2020
Lucas TCS recently provided its quarterly investor update for the period ended 31 March 2020.
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Jun 03, 2020
On 2 June 2020, Deloitte, as administrator for Virgin Australia Holdings Limited (VAH), announced that it has shortlisted two parties in the current sale process that was initiated in late April (upon VAH entering voluntary administration). These two parties are Bain Capital and Cyrus Capital Partners.
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Jun 01, 2020
The recent risk market rally reflects hope for a sharp recovery as
economies slowly reopen. However, bond markets are once again
diverging from equities and predicting a different future.
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