Moelis Australia Updates on Trading Performance and Bond IV Issue

Moelis Australia Limited (ASX:MOE) announced details of its commitments for MOE Bond IV totaling $32.2 million and provided an update on trading. It performed well despite COVID-19 impact.

  • $76 million of gross fund inflows across managed funds in April and May to date
  • China office auguring well as travel restrictions within China ease
  • Advised SCA Property Group, Centuria Industrial REIT and Ingenia Communities Group on equity capital market transactions raising in excess of $500 million of new capital
  • Headcount in Corporate Advisory largely unaffected by COVID-19 impacts
  • Engaged on a number of restructuring mandates

The demand of credit products by investors continues to be encouraging. Equities commissions are up year to date on the pcp and showed increasing trading volumes.

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