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May 01, 2019
The May 2019 update to our DirectBond List including new additions and our current Trading Restrictions list.
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May 01, 2019
On 30 April 2019, The Geo Group Inc. (GEO, Company) announced 1Q19 results. Results were relatively strong with growth in revenues, net income and funds from operations (FFO) on the prior comparative period (PCP), stemming from higher utilisation rates.
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Apr 25, 2019
Mineral Resources Limited (MRL, Company) was founded in 1993 and is headquartered in Applecross, Australia.
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Apr 22, 2019
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Apr 17, 2019
On 15 April 2019, global aviation services provider Bristow announced it had obtained waivers on its covenants with certain secured lenders to further delay the release of its 10-Q quarterly report for the quarter ended 31 December 2018. Following the announcement, S&P downgraded the credit rating on both Bristow’s unsecured and secured notes and Moody’s also downgraded Bristow’s corporate family rating and the rating on its notes.
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Apr 17, 2019
With uncertainty and volatility set to continue for some US high yield credits, now is the time to be reviewing and diversifying this part of portfolios. The recent recovery in price allows holders to reduce some positions and de-risk their USD high yield portfolios.
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Apr 15, 2019
Privium Group (Privium, Company – formerly Impact Group Aus Pty Ltd) was founded
in 1996 and has grown to become one of Queensland’s largest residential home
builders.
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Apr 15, 2019
Downer Group Finance (Downer) has launched a new fixed coupon AUD issue, with an indicative coupon of [3.75]%, maturing in 2026. It has priced tighter than recent peers, which reflects the strong demand for investment grade bonds in the current market environment.
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Apr 14, 2019
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Apr 11, 2019
The recently announced Woolworths green bond has opened up a discussion within the FIIG client base on ethical bond investments. Here we take a look at what’s on offer in this space.
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Apr 09, 2019
AAA rated senior tranches of Residential Mortgage Backed Securities (RMBS) provide superior return when compared to equivalent rated bonds and have the added benefit of natural risk reduction through amortisation.
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Apr 09, 2019
This opportunity will appeal to clients who are comfortable with the
credit quality of Liberty Financial as an issuer but are looking for yield
and ratings upside.
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Apr 08, 2019
Axsesstoday announced on 8 April 2017 that it had appointed Deloitte as voluntary administrator of the company. Although disappointing, this outcome is not unexpected in light of the lack of progress in resolving the breaches. We expect the administrator to start communicating with all creditors, including holders of the Junior Secured Notes, within the next fortnight.
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Apr 02, 2019
On 7 March, the trustee of Axsesstoday's Series II Notes and Subordinated Notes notified noteholders that the Company continues to be in breach of its obligations. As part of the notice, the trustee is calling a meeting of noteholders, to be held on 17 April 2019.
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Apr 01, 2019
The April 2019 update to our DirectBond List including new additions and our current Trading Restrictions list.
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Apr 01, 2019
As uncertainty over the economic future grows, we look at longer
dated investment grade bonds, which can protect portfolios in a
downturn. We also track the strong performance of these bonds since
we last discussed this strategy.
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Apr 01, 2019
Established in 1984, the Geo Group Inc. (GEO, Group) is a real estate investment trust
(REIT) specialising in the ownership, leasing and management of correctional,
detention and re-entry facilities. It also offers offender transportation services to
government customers in the United States and internationally. Listed on the New
York stock exchange, GEO currently has a market capitalisation of USD2.2bn.
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Apr 01, 2019
Peet Ltd (Peet, Company), founded in 1895 and listed on the ASX in 2004, is one of
Australia’s largest pure-play listed residential land developers.
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Mar 31, 2019
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Mar 31, 2019
Covenants and security, here to protect noteholders.
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