Company updates
Virgin has announced a fully underwritten A$852m equity raising, following its A$159m equity placement to Chinese conglomerate HNA
Company updates
Air New Zealand announced the partial sale of its Virgin shareholding, CBL’s credit rating is upgraded, Moneytech seek to change their corporate structure and Moody’s downgrades Newcastle Coal
Company updates
Air New Zealand has announced the partial sale of its Virgin shareholding to a major Chinese conglomerate
Company updates
Barminco released unaudited third quarter financial results for FY16, G8 confirmed it will slow the pace of acquisitions, PMP completed the major transformation programme it started in 2012 and Virgin added a fifth major airline to its shareholder registry
Week in review
New IMF Bentham issue, three FIIG originated bonds become available to retail clients and credit rallies
Company updates
Virgin has announced it is commencing a review of its capital structure. As part of its announcement, Virgin has secured AUD425m in additional funding from its four major shareholders in the form of a subordinated loan
Company factsheets
Suits investors with a high risk appetite. Virgin has a relatively weak credit rating, with the bonds rated B-/B3 reflecting the very high leverage of the business
Company updates
Virgin has delivered a much improved performance in 1H16, driven by improved operating performance and lower fuel costs. The company is targeting a significant improvement in credit metrics by FY17
Company updates
Virgin continues to improve its financial performance delivering a profit in the first quarter of the 2016 financial year. The company has also reaffirmed its FY16 forecast for returning to profitability for the full year
Company updates
While improving performance over the corresponding quarter last year by $82.8m, Virgin still reported an underlying loss of $22.2m