Company updates
Company updates galore as BlueScope, Emeco and Sunland reported for the second quarter, we add Enviva and Talen Energy Supply to our USD DirectBonds list, Navient is downgraded by S&P, NCIG is placed on CreditWatch and Tesco announced they agreed to merge with Booker Group plc
Week in review
Markets are adjusting post Trump’s win as White House roles start to be filled
Week in review
All eyes on the US election with latest polls predicting a Clinton win, a Democrat senate and a Republican House of Representatives
Company updates
BlueScope calls their 2018 USD bonds, Genworth announces its 1H16 results and we add GEO Group to our DirectBond list
Company factsheets
BlueScope Steel Finance Limited USD 7.125% 1 May 2018 senior unsecured bond
Company factsheets
BlueScope Steel (Finance) Limited USD 6.50% 15 May 2021 senior unsecured bond
Company updates
BlueScope more than doubles its full year profit, G8 Education’s growth has slowed, McPherson’s posted solid FY16 results and Sydney Airport continued to deliver a strong performance
Company updates
BlueScope full year results were impressive with net profit after tax up 119% to $570.5m. The 2018 and 2021 bonds continue to rally with the 2018 bonds expected to be called on 1 November 2016. The current price of the bond is a little over the call price and active traders may want to consider moving now
Week in review
Potential weak inflation figure likely to increase chances of a rate cut, International Monetary Fund called on G20 nations to encourage public spending and BHP subordinated bonds continued to rally with clients taking profits on the USD lines
Company updates
Hyundai Capital Services added to our DirectBond list, BlueScope increased its FY16 underlying earnings guidance, and thermal coal prices are showing signs of recovery