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Announcements

29/11/2019 AMP Capital Notes 2 - Margin Set & Offer Size Increase
On 29 November 2019, AMP Limted (ASX: 'AMP') announced that the margin on its Capital Notes 2 (ASX: 'AMPPB') had been set at 4.50%, at the lower bound of the 4.50 - 4.70% range. It also confirmed the size of the Offer would increase from $200 million to at least $250 million, with $250 million allocated on a firm basis through the Bookbuild ...
26/11/2019 New Issue: AMP Capital Notes 2
On 26 November 2019 AMP Limited (AMP) launched AMP Capital Notes 2 (ASX Code: AMPPB), seeking to raise $200 million, with the ability to raise more or less. Proceeds will be used to meet general funding requirements, including to fund Additional Tier 1 Capital of one or more regulated entities within the AMP Group. AMP is the non-operating holdi...
15/11/2019 Suncorp Capital Notes 3 - Completion of Bookbuild and Margin Set
On 15 November 2019, Suncorp Group Limited (“SUN”) announced the completion of the Bookbuild process for its offer of Capital Notes 3 ("SUNPH"), previously launched on 11 November 2019.Suncorp allocated $300 million of Capital Notes 3 under the Broker Firm Offer and Institutional Offer on a firm basis.The Margin was set at 3.00%, at the bottom o...
11/11/2019 New Issue: Suncorp Capital Notes 3
On 11 November 2019, Suncorp Group Limited (“SUN”) launched an offer for Capital Notes 3 (expected ASX Code: SUNPH), to raise $250 million, with the ability to raise more or less, accompanied by a Suncorp Convertible Preference Shares 3 (CPS3) reinvestment offer for holders of the existing CPS3 (ASX Code: SUNPE). These securities are structured ...
5/11/2019 Multiplex SITES Trust – Investor Update & Expected Realisation Notice Update
Further to its announcements on 18 February 2019 (here) and 30 September 2019 (here), Brookfield Funds Management Limited, as Responsible Entity of Multiplex SITES Trust (SITES RE & ASX: MXUPA), provided an update to SITES holders on the Portfolio Sale by Brookfield Australia Property Trust (BAPT). SITES RE has been advised by BAPT that t...
1/11/2019 Franking Credit Reductions
In late 2019, both ANZ and Macquarie Group (MQG) lowered the franking credits attached to their ordinary dividends and Additional Tier 1 (AT1) instrument distributions. ANZ lowered this to 70% from 100% whilst MQG lowered it to 40% from 45%. This franking rate will also be attached to distributions on Macquarie Bank's (MBL's) relevant instrum...
1/11/2019 Virgin Australia Notes - Completion of Bookbuild
On 1 November 2019, Virgin Australia Holdings Limited (“VAH” / the “Issuer”) announced the successful completion of the bookbuild for its recently launched offer for Virgin Australia Notes (prospective ASX Code: VAHHA, the “Notes”). Following strong demand from brokers and institutional investors, the Issuer has allocated $325 million of Note...
28/10/2019 New Issue: Virgin Australia Notes
On 28 October 2019, Virgin Australia Holdings Limited (“VAH” / the “Issuer”) launched an offer for Virgin Australia Notes (prospective ASX Code: VAHHA, the “Notes”). The offer size is guided to be $150 million, with the ability to raise more or less. The Notes are structured as direct, unconditional, unsubordinated and unsecured obligations of ...
16/10/2019 Villa World Bonds - Redemption
On 16 October 2019, Villa World Limited (ASX: VLW) announced that it intends to redeem all of the Villa World Bonds on 30 October 2019. Bondholders on the register at close 25 October 2019 will be entitled to be paid $100 face value of each Villa World Bond held, together with any unpaid interest up to and including 9 January 2020.
15/10/2019 Australian Unity Bonds - AYUHC and AYUHD - Completion
On 15 October 2019, Australian Unity (ASX: AYU) announced that it had completed its offer of Series C Australian Unity Bonds - Tranche 1 and Series D Australian Unity Bonds - Tranche 1 (the 'Bonds'), raising a total of $322.0 million. AYU issued 1,150,192 Series C and 2,070,000 Series D bonds at $100 each. The bonds were issued on 15 Octob...
11/10/2019 CBA PERLS XII - Bookbuild Results
On 11 October 2016, CBA announced that it had successfully completed the Bookbuild for its offer of PERLS XII Capital Notes. Following strong demand from Syndicate Brokers and institutional investors, $1.25 billion has been allocated on a firm basis. CBA also confirmed that the margin was set at 3.00%, at the lower bound of the 3.00-3.20% ...
9/10/2019 New Issue: CBA PERLS XII
On 9 October 2019, Commonwealth Bank of Australia (“CBA” / the “Issuer”) launched an offer for CommBank PERLS XII Capital Notes (prospective ASX Code: CBAPI / the “Notes”). The offer size is guided to be $750 million, with the bank retaining the ability to raise more or less. These securities are structured as perpetual, subordinated, unsecured,...
30/09/2019 Multiplex SITES Trust – Investor Update & Expected Realisation Notice
Further to its announcement on 18 February 2019 (here), Brookfield Funds Management Limited, as Responsible Entity of Multiplex SITES Trust (SITES RE & ASX: MXUPA), provided an update to SITES holders on the Portfolio Sale by Brookfield Australia Property Trust (BAPT). Some conditions remain outstanding (including FIRB approval) and it is...
26/09/2019 Partners Group Global Income Fund: Admission and Commencement of Official Quotation
On 25 September 2019, the Partners Group Global Income Fund (ASX: PGG) was admitted to the Official List of ASX Limited. Official quotation of PGG's ordinary fully paid units commenced at 11:00AM AEST on 26 September 2019. PGG raised $550,000,000 pursuant to the offer under its PDS (29 July 2019) by the issue of 275,000,000 units at an iss...
20/09/2019 IANG Redemption
On 20 September 2019, IAG and its wholly-owned subsidiary, IAG Finance (new Zealand) announced that all outstanding Reset Exchange Securities (RES, ASX: IANG) will be Redeemed on the Reset Date of 16 December 2019, in accordance with the RES Terms. This aligns with management's stated intentions from the FY19 Annual Report. Holders will re...
19/09/2019 New Issue: KKR Credit Income Fund
The KKR Credit Income Fund ('the Trust', 'CIT') is a listed income trust (LIT) designed to provide investors with access to high income generating credit investment ideas globally through KKR Credit s product suite (ASX Code: KKC). The trust will incorporate a blend of KKR s existing leveraged credit and private credit capabilities through the f...
11/09/2019 Entitlement Offer: Qualitas Real Estate Income Fund
The Qualitas Real Estate Income Fund (“Trust”) is a listed investment trust (LIT) managed by the Qualitas Group and provides investors with exposure to the commercial real estate (CRE) debt market. The CRE debt market is be currently worth ~$290 billion and growing at ~4% p.a. (APRA) at a time when the Royal Commission and global Basel III capit...
9/09/2019 New Issue: Australian Unity Bonds - AYUHC and AYUHD
On 9 September 2019, Australian Unity Limited (ASX: AYU) launched an offer for Australian Unity Bonds – Series C and D (ASX: AYUHC and AYUHD) of ~5- and ~7-year maturities respectively. The purpose of the transaction is to refinance the Series B (ASX: AYUHB) bonds issued in 2015 and for general corporate purposes. The issuer (Australian Unity Li...
29/07/2019 New Issue: Partners Group Global Income Fund
The Partners Group (PG) Global Income Fund (the 'Trust', 'PG GIF') is a listed investment trust (LIT) providing investors with access to a segment of the global direct loan market (ASX code: PGG). Stricter regulatory capital requirements for banks has led to rapid growth in the US$1.2 trillion private debt market whilst exhibiting a low correlat...
10/07/2019 Villa World - Agreed Scheme Implementation Agreement
On 8 July 2019, Villa World (ASX: VLW) announced that it had entered into a binding Scheme Implementation Agreement (SIA) with AVID Property Group Australia Pty Limited (AVID) under which it is proposed that AVID will acquire all of the ordinary shares in Villa World by way of a scheme of arrangement for $2.345 per share in cash. This action ...