FIIG Securities

For exclusive insights on how to access the high yield bond market, come and hear directly from 20 industry leaders at FIIG’s High Yield Conference on Thursday 17th May at The Hilton, Sydney. Presenters including Bernard Salt, Stephen Koukoulas, and John O’Mahony will conduct a variety of sessions that will... Show More

FIIG Securities

Resource sector bonds are displaying a level of volatility which some would probably call equity like. The heightened volatility and uncertainty in commodity prices is translating into large movements in resource related bonds. The chart below is a perfect example of this. It highlights four resource sector names (Fortescue, Newcrest,... Show More

FIIG Securities

As expected, BHP has slashed its dividend and abandoned its progressive dividend policy. It’s a sensible move designed to protect the credit rating and has been well received by bond markets. In addition, BHP announced USD3bn in capital expenditure cuts over the next 18 months. Capital expenditure is now expected... Show More

FIIG Securities

While there are many sections of the economy which are hopeful for a rebound in oil prices, companies where fuel costs make up a significant proportion of expenses are experiencing a strong growth in earnings in a low oil environment. The airline sector has been a clear beneficiary of the... Show More

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