On 18 September 2024, MAFG Finance Pty Limited launched an offer of Senior Unsecured Notes II, seeking to raise $40 million, with the ability to raise more or less. It is not intended that the Notes be listed or quoted on any stock or securities exchange. The Notes will be guaranteed on a joint and several basis by the Issuer along with a gro...

On Tuesday 10 September 2024, APRA announced its long awaited proposed changes on a more effective capital framework for a financial crisis. It is a gutsy document that tears up the playbook on bank regulatory capital funding. APRA wants to simplify the capital framework for banks. It wants to remove AT1 and replace it with mainly Tier 2 and som...

On 19 August 2024, Macquarie Group Limited (MGL; ASX: MQG) launched an offer for Macquarie Capital Notes 7 (MCN7, Expected ASX Code: MQGPG) to raise $1 billion, with the ability to raise more or less. The purpose of the transaction is to raise regulatory capital for MGL with the net proceeds to be used for general corporate purposes. The Offer a...

On 3 June 2024 Australian Unity Limited ( Australian Unity , the Group , or AYU ) launched an Entitlement Offer and an accompanying Wholesale Placement of Australian Unity Mutual Capital Instruments (ASX: AYUPA) seeking to raise approximately $75 million at a price of $72.50 per security. The offer price represents a 11.6% discount to the AYUP...

On 13 May 2024, National Australia Bank (ASX: NAB, the Issuer) launched an offer for NAB Capital Notes 8 (the Notes, expected ASX Code: NABPK), to raise $750 million, with the ability to raise more or less. The purpose of the Issue is to raise regulatory capital (Additional Tier 1) for NAB, with the proceeds to be used for general corporate purp...

On 16 April 2024, Suncorp Group Limited (ASX: SUN) launched an Offer for Suncorp Capital Notes 5 (expected ASX ticker: SUNPJ), to raise $300 million with the ability to raise more or less. The purpose of the transaction is to raise Additional Tier 1 (AT1) regulatory capital for SUN with the proceeds used to fund the capital needs of one or more ...

On 4 March 2024, Insurance Australia Group Limited (ASX: IAG) launched an offer for Insurance Australia Group Capital Notes 3 (Expected ASX Code: IAGPF), to raise $300 million, with the ability to raise more or less. The purpose of the Offer is to raise Additional Tier 1 (AT1) regulatory capital for IAG, with proceeds to be used for general corp...

On 26 February 2024, Bendigo and Adelaide Bank Limited (ASX: BEN) launched an offer for Bendigo and Adelaide Bank Capital Notes 2 (CN2; Expected ASX Code: BENPI), to raise $250 million, with the ability to raise more or less. The purpose of the Offer is to raise Additional Tier 1 (AT1) regulatory capital for BEN, with proceeds to fund: the redem...

On 14 February 2024, Australia and New Zealand Banking Group Limited (AN3), a wholly owned subsidiary of ANZ Group Holdings Limited (ASX: ANZ), launched an offer for ANZ Capital Notes 9 (expected ASX Code: AN3PL), to raise $1.0 billion, with the ability to raise more or less. The purpose of the transaction is to raise regulatory capital (Additio...

On 20 November 2023, Westpac Banking Corporation (ASX: WBC, the Issuer) launched an offer for Westpac Capital Notes 10 (the Notes, expected ASX code: WBCPM), to raise $750 million, with the ability to raise more or less. The purpose of the offer is to raise regulatory capital (Additional Tier 1) for WBC, with the proceeds to be used for general ...

On 30 October 2023 Australian Unity Limited (Issuer; ASX: AYU) launched an offer for Australian Unity Bonds Series E (ASX: AYUHE) seeking to raise $180 million, with the ability to raise more or less subject to a minimum offer size of $50 million. No Bonds will be issued if application monies are less than the minimum. Proceeds will be used to r...

On 23 October 2023, Judo Capital Holding Limited (ASX: JDO, Judo , Group , Issuer ) launched an offer for Judo Capital Notes (the Notes, expected ASX Code: JDOPA) to raise $75 million, with the ability to raise more or less. The purpose of the transaction is to fund regulatory capital (Additional Tier 1) for its wholly owned operating subsidi...

On 21 August 2023, National Australia Bank (ASX: NAB, the Issuer) launched an offer for NAB Capital Notes 7 (the Notes, expected ASX Code: NABPJ), to raise $1.0 billion, with the ability to raise more or less. The purpose of the Issue is to raise regulatory capital (Additional Tier 1) for NAB, with the proceeds to be used for general corporate p...

On 16 May 2023, Commonwealth Bank of Australia (ASX: CBA, the Issuer) launched an offer for CommBank PERLS XVI Capital Notes (the Notes, expected ASX Code: CBAPM), to raise $750 million, with the ability to raise more or less. The purpose of the Issue is to raise regulatory capital (Additional Tier 1) for CBA with the proceeds to be used to fund...

On 7 March 2023, Challenger Limited (ASX Code: CGF, the Issuer) launched an offer for Challenger Capital Notes 4 (the Notes, expected ASX Code: CGFPD), to raise $250 million, with the ability to raise more or less. The purpose of the transaction is to fund regulatory capital (Additional Tier 1) for Challenger Life Company (CLC), with the proceed...

On 15 February 2023, Australia and New Zealand Banking Group (referred to as AN3 in this report), a wholly owned subsidiary of ANZ Holdings (ASX: ANZ), launched an offer for ANZ Capital Notes 8 (expected ASX Code: AN3PK), to raise $1.0 billion, with the ability to raise more or less. The purpose of the transaction is to raise regulatory capital ...

On 21 November 2022, Insurance Australia Group Limited (ASX: IAG, the Issuer) launched an offer for Insurance Australia Group Capital Notes 2 (the Notes, expected ASX: IAGPE), to raise $400 million, with the ability to raise more or less. The purpose of the transaction is to raise regulatory capital (Additional Tier 1) for IAG, with the proceeds...

On 24 October 2022, Bank of Queensland (ASX: BOQ, the Issuer) launched an offer for Bank of Queensland Capital Notes 3 (the Notes, expected ASX Code: BOQPG), to raise $300 million, with the ability to raise more or less. The purpose of the Issue is to raise regulatory capital (Additional Tier 1) for BOQ with the proceeds intended for corporate a...

On 18 October 2022, Commonwealth Bank of Australia (ASX: CBA, the Issuer) launched an offer for CommBank PERLS XV Capital Notes (the Notes, expected ASX Code: CBAPL), to raise $750 million, with the ability to raise more or less. The purpose of the Issue is to raise regulatory capital (Additional Tier 1) for CBA with the proceeds to be used to f...

On 28 June 2022, Macquarie Group Limited (MGL; ASX: MQG) launched an offer for Macquarie Capital Notes 6 (MCN6, ASX Code: MQGPF) to raise $400 million, with the ability to raise more or less. The purpose of the transaction is to raise regulatory capital for MGL with the net proceeds intended for general business purposes. MQGPF are structured...