On 28 September 2021, BNK Banking Corporation Limited (ASX: BBC) announced it has successfully priced and received applications from sophisticated and wholesale investors for a $14m Tier 2 Subordinated Notes (“Notes”) issue. The Notes will have a maturity date 10 years from the settlement date with a call date 5 years from the settlement date. The Notes represent a continuation …

We’re seeing escalating prices for all energy types – uranium, thermal coal, oil, gas and LNG. Like we’ve seen elsewhere in the commodity space, there is a confluence of factors that have exacerbated the situation – namely, stronger-than-expected covid recovery internationally on the demand side, and negative impacts on the supply side. All of this is being made worse by …

Global oil demand is expected to reach pre-pandemic levels by early next year, as the economy recovers. The outlook is in line with a bullish forecast from the Organization of the Petroleum Exporting Countries (OPEC), but ahead of estimates from the International Energy Agency (IEA). Global demand is seen rising to 100 million barrels per day (bpd) by end-2021 or …

China is planning to create two rare earth mining giants in an effort to gain better pricing power in global markets, according to people familiar with the matter. The government is aiming to eventually consolidate all its rare earth miners and processors into the two huge firms, one in the north and one in the south, the people said, asking …

Lithium prices have hit a three-year high thanks to an upsurge in electric vehicle (EVs) sales, which has led to a depletion of lithium inventories in China, the world’s biggest consumer. At the present time, market conditions are so tight that players are fiercely competing for any spot tonnage available, which was evidenced by Pilbara Minerals (ASX: PLS)’ recent spot …

While the near-term price performance of iron ore has been poor, the performance of coking coal is in stark contrast. The bottom-line is that the steel industry is booming right around the world, with US steel prices up five-fold over the past 12 months. Even in China, rebar prices are showing strength. The divergence between seaborne met coal and iron …

On 13 September 2021, MLT shareholders voted in favour of the merger with Washington H. Soul Pattinson and Company Limited (ASX: SOL). The merger remains subject to court approval with a court hearing scheduled for 20 September 2021. Subject to all the requisite approvals being received, MLT will apply for its shares to cease trading on the ASX on 21 …

On 30 August 2021, Flagship Investments Limited (ASX: FSI) announced the Company is seeking raise $20m through the issue of listed, redeemable, unsecured convertible notes (Notes). The Notes will have a face value of $2.70 (in line with the pre-tax NTA) and will pay an interest rate of 5.50%p.a, paid quarterly, until the first step-up date of 30 September 2024 …