CAM Proposed Restructure of Convertible Redeemable Notes

Claire News

CAM has 22.58m Convertible Redeemable Notes (“Notes”) on issue. The Notes mature on 30 November 2021 at which point all outstanding Notes will be redeemed at face value. The Notes have a face value of $0.96 per Note and pay a fixed interest rate of 6.25%p.a, payable quarterly in arrears. With $3.5m in cash at September-end, the Company will likely …

Regal Investment Fund (ASX: RF1) Announces Placement and Accelerated Pro Rata Non-Renounceable Entitlement Offer

Claire News

On 6 October 2021, RF1 announced it is conducting a placement to institutional and wholesale investors and an accelerated non-renounceable entitlement offer on a pro rata basis to eligible unitholders. Combined the Fund is seeking to raise up to $212.3m. The Placement will consist of the issue of up to 17.3m new RF1 units to institutional and wholesale investors at …

Bloomberg Commodity Index Hits All-Time High

gavinwendt News

There’s more underlying proof of commodity price strength, with the Bloomberg Commodity Spot Index (which tracks 23 energy, metals and crop futures contracts) rising above a previous decade high set back in 2011, to reach a fresh all-time high. Resurgent commodity demand is coinciding with supply constraints, leading to real worlds shortages and inflation. Among the biggest gainers are energy …

China’s Electricity Crunch Is World’s Latest Supply-Chain Threat

gavinwendt News

China’s energy crisis is shaping up as the latest shock to global supply chains as factories in the world’s biggest exporter are forced to conserve energy by curbing production. The disruption comes as producers and shippers race to meet demand for everything from clothing to toys for the year-end holiday shopping season, grappling with supply lines that have been upended …

BNK Banking Corporation Limited (ASX: BBC) $14m Regulatory Tier 2 Capital Issue

Claire News

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 …

Energy Supplies Worldwide At Crucial Level

gavinwendt News

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 Seen Reaching Pre-pandemic Levels By Early 2022

gavinwendt News

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 to Form Two Rare Earth Giants to Strengthen Pricing Power

gavinwendt News

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 …