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Welcome to rogeradvice.com

rogeradvice.com provides education and information for investors in New Zealand fixed interest securities.

You will receive value from this website if you are in one of the following categories of investors:-

  • You currently invest directly in fixed interest securities and want to have a better understanding of the fixed interest market
  • You have had your funds invested with a fixed interest fund manger, but the interest return has been too low, the fees too high and you have potentially lost capital.
  • You require common-sense, independent and relevant information from a respected and experienced professional.
  

Daily Radio Commentary

  

News on New Investments

Posted on: Wednesday, July 09, 2014
The Kiwi Income Property Trust is making an offer of NZ$100 million (plus up to NZ$25 million of oversubscriptions) of seven year fixed rate senior secured bonds .
Posted on: Monday, June 23, 2014
Mighty River Power Limited has made an offer of NZ$250 million (plus up to NZ$50 million of over subscriptions) of unsecured, subordinated, redeemable, cumulative interest bearing capital bonds.
Posted on: Monday, May 19, 2014
Auckland International Airport (rated A-) is issuing up to $150m of 7 year retail bonds - margin is 90bp over the 7 year swap rate (currently @ 4.55%) = indicative yield of 5.45%
  

Market Commentary

Posted on: Monday, September 15, 2014
A good lesson to everyone that it is not too wise to base all your interest rate risk management decisions on someone’s interest rate forecast as forecasts have a habit of changing abruptly
Posted on: Tuesday, September 09, 2014
Most agree that NZ short-term interest rates need to increase another 1.00% in 2015, how and when that happens is the unanswered question.
Posted on: Monday, August 25, 2014
A decision not to increase long-term fixed rate borrowing at current swap market levels is tantamount to saying that the New Zealand and US economies are both going to weaken back to much lower growth rates or even return to recession.