Infradebt | News & Updates

News & Updates

Infradebt news & updates

Oct 2
6 min

A gas lead recovery from Covid-19 – Pipe dream or Hot Air?

First apologies for the two dad jokes in the one headline – but how often do you get a chance like that😊! The past few weeks have seen a...

Oct 2
4 min

Covid-19 and infrastructure six months on

It was six months ago that team Infradebt was just settling into working from home and putting the finishing touches on our March quarter...

Oct 2
3 min

Duration discount rates and the grumpy views of a middle-aged man….

Over the past few years investors have become obsessed with the record low level of interest rates. Interest rates are the fundamental bu...

Oct 2
4 min

Chasing yield at the zero bound

A common analogy for a range of yield chasing strategies is “picking up pennies in front of a steam roller”. While this expression is use...

Jul 6
9 min

Five Faces of Inflation

The unprecedented monetary response to Covid-19 has sparked a storm of commentary in the financial media (and Twitter) about whether cent...

Jul 6
5 min

Airports 2020 Q2

Airports are considered high quality, low-risk monopoly infrastructure assets. Prior to the onset of Covid-19 the trailing EV/EBITDAC of ...

Jul 5
1 min

COVID-19 Charts

The last four months have been surreal to say the least. We have all felt some form of step change in our lives. But the nagging question...

Jul 5
5 min

Renewable Electricity Policy

The typical new solar or wind farm project has a forecast operating life of 25 to 30 years. In this context, when looking at the current ...

May 27
4 min

Photon Energy to Add 14 MWp to its PV portfolio in Australia

· The Company has reached financial close for the construction of two PV power plants with a combined capacity of 14 MWp in Leeton, New S...

Apr 4
4 min

This time is different

The saying goes that “This time is different” are the four most expensive words in finance! Well ignoring that – here goes – this is how w...

Apr 3
3 min

Signposts

On the 23rd of January, while most of us didn’t know it, China locked down the entire province of Wuhan, and the world fundamentally chan...

Apr 3
4 min

Key risks – an infrastructure sectoral view

The COVID19 crisis and ensuing credit crunch will hit different assets in different ways. The intention of this article is to provide a q...

Dec 17, 2019
2 min

IEF & CEFC finance Enerparc NSW Solar Farms

Infradebt and Enerparc Australia (Enerparc) are pleased to announce the close of a A$8.5 million senior debt facility for Enerparc’s Peak...

Oct 31, 2019
4 min

Inflation and Infrastructure Equity Returns – A case of high expectations

Most infrastructure equity investors adopt inflation assumptions in line with the mid-point of the RBA target band – 2.5% per annum. This...

Oct 31, 2019
3 min

Regulated WACCs

The Australian 10 year government bond has fallen from 2.7% in 2018 to around 1.0% this quarter. Over the same period of time, there has ...

Oct 31, 2019
2 min

Airports

Australian airports have been very attractive infrastructure investments. The core of their strong investment returns has been the long-t...

Jul 9, 2019
2 min

Weak passenger growth trends for airports

Sydney airport is Australia’s largest airport and releases monthly data on passenger and aircraft movements. This provides a near real ti...

Jul 9, 2019
3 min

Lower base rates - which infrastructure sector wins most?

While the previous article focused on the long-term impact of lower interest rates from an investors’ perspective – it is worth looking i...

Jul 9, 2019
2 min

Low Interest Rates – the Future Eaters for Long-term Savers

Modern monetary policy (not to be confused with modern monetary theory) has evolved to a point where central banks actively manage intere...

Apr 1, 2019
5 min

MLFs – an underappreciated risk to renewables projects

Marginal loss factors (MLF) are an often overlooked element of the regulation of the National Electricity Market (NEM). The Australian En...

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