Plenary Group Launches New Fixed Rate Bond

On the 7th of May 2018, Plenary Bond Co Pty Ltd, as the financing vehicle for Plenary Group Holdings Pty Ltd (“Plenary”), announced a new 6-year, $62 million bond through FIIG Securities. The new bond will refinance Plenary’s existing $35 million maturing in June 2021.

The securities are structured as fixed-rate, subordinated notes and distributions are direct and paid on a semi-annual basis. The securities will be issued on the 9th of May 2018 and are priced at fixed coupon of 6.50% p.a. 

The notes will mature on the 9th of May 2024.