FIIG News and Research

  • Origin Energy Finance 2.65% Nov 2027 Senior Unsecured Notes

    Nov 13, 2019
    Origin Energy Finance Limited is the financing vehicle for Origin Energy Limited (Origin, Company). Founded in 1946, Origin is an integrated energy company that engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.
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  • New Issue Alert – Dexus senior unsecured bond

    Nov 07, 2019
    Australian major bank Tier 2 sub-debt issuance has picked up since the middle of this year following the APRA announcement of additional capital requirements for banks
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  • Virgin – AUD bonds flying low but reaching velocity

    Nov 06, 2019
    Virgin Australia Holdings Limited (Virgin) has issued two new bonds in the recent few weeks leading to repricing of the existing AUD issuance
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  • Virgin Australia USD 8.125% Nov 2024 Senior Unsecured Notes

    Nov 06, 2019
    Virgin Australia Holdings Limited (Virgin) is Australia’s second largest airline, providing access to over 480 destinations worldwide. Virgin also provides services together within airline partners and operates flights domestically and internationally; carrying around 24 million passengers annually and currently operates 3,400 average weekly scheduled flights to 46 destinations in Australia and 16 internationally. Virgin is listed on the Australian Securities Exchange (ASX) with a market capitalisation of AUD1.86bn as at 10 September 2018.
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  • Verizon Communications AUD 3.50% Nov 2039 Senior Unsecured Notes

    Nov 06, 2019
    Verizon Communications Inc (Verizon, Company) is one of the largest providers of communications, information and entertainment products, servicing consumer, business and government agencies, domestically and internationally.
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  • Verizon Communications AUD 2.65% May 2030 Senior Unsecured Notes

    Nov 06, 2019
    Verizon Communications Inc (Verizon, Company) is one of the largest providers of communications, information and entertainment products, servicing consumer, business and government agencies, domestically and internationally.
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  • The GEO Group Inc - 3Q19 Results

    Nov 06, 2019
    On 5 November 2019, The GEO Group Inc. (GEO, Company), announced 3Q19 results for the three months ending 30 September 2019.
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  • DirectBond filter list - November 2019

    Nov 01, 2019
    The November 2019 update to our DirectBond List including new additions and our current Trading Restrictions list.
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  • Current top picks – why do we think they are good value?

    Oct 31, 2019
    The bond market constantly throws up opportunities for investors to maximise the risk/reward equation on investing their capital. Here we consider our current top picks in fixed, floating and inflation linked bonds.
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  • Rackspace Hosting nc.

    Oct 31, 2019
    On 29 October 2019, S&P Global Ratings (S&P) downgraded its rating on Rackspace Hosting Inc (Rackspace, Company).S&P cited a number of factors for the downgrade, including increased competition in its Managed Public Cloud segment and declining margins over the next 12 months.
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  • Pioneer Credit – Process Update

    Oct 31, 2019
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  • IAMGOLD - Moody’s Downgrade

    Oct 31, 2019
    On 31 October 2019, Moody's Investor Service (Moody's) downgraded the corporate credit rating on IAMGOLD Corp (IAMGOLD). At the same time, Moody's downgraded both the credit rating and recovery estimate on IAMGOLD's notes due 2025. The downgrade primarily reflects operational challenges at IAMGOLD's Westwood (Canada) and Rosebel (Suriname) mines which have resulted in a deterioration of its credit metrics and increase of operating costs.
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  • Peabody Energy Corporation – 3Q19 Results

    Oct 30, 2019
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  • Tier 1 securities added to our offering

    Oct 29, 2019
    Following strong client demand we have added bank Tier 1 securities and deeply discounted bank subordinated paper (‘discos’) to our offering.
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  • New Issue Alert – Verizon

    Oct 29, 2019
    Verizon Communications Inc (Verizon) is a New York based company, which provides communications, information and entertainment products and services to consumers, businesses and government agencies worldwide.
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  • New Issue Alert – Origin Energy

    Oct 25, 2019
    Origin Energy (ORG) is an integrated energy company focused on gas and oil exploration and production, power generation and energy retailing in Australia.
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  • New Issue Alert – Virgin Australia

    Oct 22, 2019
    Virgin Australia Airlines Pty Ltd, commonly referred to as Virgin Australia, is one of Australia's largest airlines, and it is the largest airline by fleet size to use the Virgin brand.
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  • Dexus Finance Pty Limited AUD 2.50% 17-Oct-29 Senior Unsecured Notes

    Oct 18, 2019
    Dexus Property Group (Dexus, Group) is an ASX listed real estate investment trust with a market capitalisation of AUD13bn as at 17 October 2019
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  • Sydney Airport - October 2019

    Oct 17, 2019
    We provide an update to our recommendations on Sydney Airport’s CPI+3.76% notes due 2020 and CPI+3.12% notes due 2030. Our credit outlook remains unchanged
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  • Merredin Energy Ltd - October 2019

    Oct 16, 2019
    We are upgrading our recommendation on Merredin Energy’s 7.50% notes due 2020 as the company has chosen not to exercise its November 2019 call option. Our credit outlook remains unchanged
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