John Weavers is a Senior Report at International Financing Review based in Sydney where he covers the Australian and New Zealand bond and securitisation markets. John joined IFR in London in 2004 as senior reporter responsible for emerging markets, before transferring Down Under in 2011. Before IFR, he was a senior reporter for Informa Global Markets, having previously written for the Economist Intelligence Unit and Latin American Monitor. John has a BA in Economics from Warwick University and a MSc in Economics of Latin America from Queen Mary College, University of London.
The US Securities and Exchange Commission last Tuesday charged Rio Tinto and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping the market for billions of dollars.
Adani Abbot Point Terminal, a subsidiary of India’s Adani Group, has struggled to find heavyweight bookrunners for a planned benchmark US dollar bond offering to refinance its domestic Australian dollar November 1 2018 MTN, according to DCM bankers in Sydney.
Australia has set a post-global financial crisis high for asset-backed securities after last week’s RMBS sales from Heritage Bank and Citigroup took year-to-date issuance to A$30.9bn (US$24.0bn), exceeding 2014’s previous annual record of A$30.8bn.