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
Company updates
BlueScope has increased its FY16 underlying earnings before interest and tax (EBIT) guidance to $580m, representing around a $70m improvement in the second half of FY16
Company updates
BlueScope’s partial redemption of its 2018 bonds means investors need to start thinking about their reinvestment options
Company updates
CML Group launched a new issue while its existing floating rate note became available to retail investors, Impact Homes’ expects to at least meet its FY16 forecasts, NextDC confirms development of two new sites and Mackay Sugar forecasts a return to profit in FY17
Company updates
BlueScope expects significantly improved earnings for the half year to 30 June 2016
Company updates
BlueScope will raise USD500m in new 5 year unsecured bonds. Part of the proceeds will be used to partially call principal on the existing 2018 bond
Company updates
BlueScope Steel has received a credit rating upgrade from Moody’s, while Glencore announced sales of a 40% stake in its agricultural business. PMP’s Griffin Press will now be the largest digital book printer in Australasia
Company updates
BlueScope’s credit rating has been upgraded by Moody’s from Ba3 to Ba2 with a stable outlook. The company’s branded product base and cost cutting initiatives have offset the effects of a weakening macro environment for steel producers.
Company updates
Following the company’s update regarding its improved 2H16 guidance, BlueScope has released its 1H16 results to the market
Company updates
BlueScope has made an announcement to the market that it expects to deliver unaudited underlying earnings before interest and tax (EBIT) for 1H16 of $230m, 28% ahead of previous guidance of $180m