Research Hub

Please find below all the relevant research materials

RECENT Credit Opinions

Credit Update – KeyInvest

Credit Update – Australian Bank USD AT1s

Credit Update – Jervois

Credit Update

Aroundtown

Earlypay (EPY) – 1H23 Results & RevRoof exposure

Origin

AMP

Pioneer

Ampol

Jervois FY22 Credit Update

NCIG S&P Upgrade

Earlypay – Trade Finance Facility

Pioneer Credit Update Following FY22 Results

Earlypay FY22 Results

Credit Update – Pioneer

Jervois Update

Quick Update on High Yield Issuers

Seek (SEKAU) Hybrids

Suncorp Credit Update

Crown: Credit Update

Crown Update

Clearview Wholesale

MME Credit Update

Police and Nurses

SocGen

MoneyMe Horizon Warehouse Trust

Pioneer Update May 2022

Earlypay Trade Receivables Trust

Pioneer Update

Crown Update

NCCGA 4.5% Convertible Notes

Pembroke Credit Update

Lloyds Legacy Tier 1 Par Regulatory Call

Transurban

BNK Banking Update

Partners Life

Nufarm Update

Infrabuild Update

BFMG

GWOF

Aurizon

Pioneer Credit and Debt Update

NCIG

Australian Unity

Pacific National

FHIM

MoneyMe (MME) HoldCo Secured

Jervois

RECENT Thought Pieces

Proposed Changes to Wholesale Investor Qualification

Australian banking sector update

China, deflation, and global rates falling

Adding duration to portfolios right now

Factors that influence the price of fixed rate bonds

Common misconceptions about bonds

Equity risk premium highlights case for bonds

What factors influence the price of fixed-rate bonds? And how can I mitigate these factors?

New RBA, old cycles, new investment choices

Sequencing Risk

How fixed income can help address issues in the aged care sector

Market Commentary: 2023 Sparkles on Fixed Income

High quality Australian bonds at decade-plus high yields

Implications for UBS/CS on Kangaroo Perps

UBS to buy Credit Suisse in Momentous Deal

Silicon Valley Bank (SVB) – Where To Now?

Portfolio Strategies

Credit Outlook 2023

Age Care Sector

APRA Announcement

Foreign Currency Bonds

Benefits Of FRNs

The Credit Market – State of Play Sep’22

S&P Default Rate Study

Aussie Banks Bonds Creating Opportunities

Experts Suggest Fixed Income Asset Allocation

Portfolio Review: Bond Mix

Cheap bonds, spiking yields

The IAM 6% Club

Post-Election Credits

OTC T2 and AT1

Value emerging in term deposit rates

The Benefits of Bonds

The 5% Club

Value in T2 vs AT1

Hybrids

Inflation and the RBA

Expert Insights: Keep an Eye on China and the US

Expert Insights

Duration and How Investors Should be Positioning

Reopening Australia

Equity Bubble

Australian Tapering and Bond Implications

Virgin Collapse

RECENT Trade Ideas

HSBC 6.211 03/21/34

Pacific National 3.8 31s

Barclays 4.375 Perp (Ba1/BB-/BBB-)

Value in Kangaroo Issuers

Australian Gas Networks 2025 at CPI + 3.08%, AA rated

Ausnet 6.134 33

Corporate Floating Rate Note Offer: Pacific National at 7.00%

Key Invest

Pioneer Credit

Nufarm

Northern Territory Treasury Corporation

Natwest

AMP

Macquarie AT1 issue

Trustee Updates

Port of Newcastle

New Nickel Industries 5.5NC2.5 US$ Issuance

Sell SOCGEN Buy BNP

Liberty Financial FY22

Nufarm FY22 Results: a ratings upgrade candidate in the making

IAG Hybrid

Origin Energy – Takeover News

Airservices Australia

Trade Idea CBA

GBP AT1 Options – My Top 2 Picks

Australian USD Discos – High Risk

NCIG Senior Secured

Port Of Brisbane

The value in AUD Corporate Hybrids

Liberty Financial Group

Ampol

Ausnet Hybrids Copy

Top Duration Trades

Ausnet Hybrids

European Bank USD AT1 Securities

MBL

Strandline Resources

Australian Secure Capital Fund (ASCF)

Qantas Curve

Virgin Money

Nickel Mines 6.5% 2024s (B1/B+)

ING

USD MQGAU

Ampol Hybrids

MinRes

Societe Generale (SocGen)

Ausnet Hybrids

Australian Discos

Switch

GPT 32s

Port of Newcastle

IG GE Perp and Citi Trups

Pioneer High Yield Offer

Liberty FRN

AFCP 2019-1 A Note

Scentre Group Hybrids

Fortescue

Clearview Subs

PIOCRE

Flagship

Lendlease

Clearview Subordinated Notes

Regional ASX-listed AT1s

NQET

Strandline

GM Financial

Crown ASX-listed Hybrids (CWNHB)

NAB

AMP Life

RECENT New Issues

RECENT The Swanger Series

The Swanger Series – 2024 Outlook Part 3

The Swanger Series – 2024 Outlook Part 2

The Swanger Series – 2024 Outlook

The Swanger Series – China: Part 2

The Swanger Series: China – part one

The Swanger Series

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Historical prices and distributions

Date	Application Price	Mid-Price	Redemption Price	Distribution Ex-Price	Distribution (DPU)	Net Performance
31/03/2024	0.92260	0.91820	0.91340	0.901	0.01722	-0.02%
29/02/2024	0.92300	0.91840	0.91380			0.69%
31/01/2024	0.91670	0.91210	0.90750			0.89%
31/12/2023	0.92590	0.92130	0.91670	0.90403	0.01727	0.71%
30/11/2023	0.9194	0.9148	0.9102			1.57%
31/10/2023	0.90520	0.90070	0.89620			-0.08%
30/09/2023	0.92705	0.92244	0.91783	0.90143	0.02101	0.37%
31/08/2023	0.92363	0.91903	0.91443			0.20%
31/07/2023	0.92179	0.91720	0.91261			0.79%
30/06/2023	0.91933	0.91476	0.91019	0.91000	0.00476	0.86%
31/05/2023	0.91150	0.90697	0.90244			0.19%
30/04/2023	0.90974	0.90521	0.90068			1.17%
31/03/2023	0.91291	0.90837	0.90383	0.89475	0.01363	-0.03%
28/02/2023	0.91322	0.90868	0.90414			1.12%
31/01/2023	0.90313	0.89864	0.89415			1.42%
31/12/2022	0.90411	0.89961	0.89511	0.88610	0.01351	0.05%
30/11/2022	0.90365	0.89915	0.89465			0.70%
31/10/2022	0.89734	0.89288	0.88842			0.74%
30/09/2022	0.90436	0.89986	0.89536	0.88636	0.01350	-1.07%
31/08/2022	0.91414	0.90959	0.90504			-0.01%
31/07/2022	0.91425	0.90970	0.90515			1.22%
30/06/2022	0.92935	0.92473	0.92011	0.89873	0.02600	-2.08%
31/05/2022	0.94913	0.94441	0.93969			-2.46%
30/04/2022	0.97306	0.96822	0.96338			-0.04%
31/03/2022	0.98579	0.98089	0.97599	0.96863	0.01226	0.26%
28/02/2022	0.98321	0.97832	0.97343			-0.93%
31/01/2022	0.99248	0.98754	0.98260			0.14%
31/12/2021	1.00362	0.99863	0.99364	0.98615	0.01248	0.32%
30/11/2021	1.00047	0.99549	0.99051			-0.24%
31/10/2021	1.00291	0.99792	0.99293			0.21%
30/09/2021	1.01343	1.00839	1.00335	0.99579	0.01260	0.53%
31/08/2021	1.00809	1.00307	0.99805			0.45%
31/07/2021	1.00354	0.99855	0.99356			-0.12%
30/06/2021	1.00478	0.99978	0.99478	0.99978	–	-0.03%
31/05/2021	1.00508	1.00008	0.99508			0.01%
01/05/2021	1.00000	1.00000	1.00000

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