On the 6th of July 2016, CBL Corporation (ASX Code: CBL) announced that it is seeking the right from noteholders to be entitled to repay its 8.25% 2019 notes before their maturity date (17 April 2019) at any time prior to the 30th of November 2016. This is expected to be funded by a secured financing facility and will reduce current funding cost...

Westpac Capital Notes 4 (WBCPG) – Commence trading today on a deferred settlement basis The Westpac Capital Notes 4 (ASX Code: WBCPG) distribution rate for the first distribution period was calculated yesterday at 4.8020% (6.86% grossed for franking). The first cash amount of distribution will be $1.2104, fully franked. WBCPG commence ...

On the 15th of June 2016, Elders Limited announced that both Elders Ordinary Shares (ASX: ELD) and Elders Hybrids (ASX: ELDPA) are to undergo a trading halt effective immediatly. Elders expects to facilitate a capital raising to fund the on-market purchase of its hybrid securities. Currently no purchase amount has been specified by the group but...

On the 31st of May 2016 National Australia Bank (NAB) announced a new transaction, NAB Capital Notes 2 (Prospective ASX Code: NABPD). The purpose of this transaction is to provide Regulatory Capital for the group but more specifically it will be treated as additional Tier 1 capital for regulatory purposes. The indicative size of the offer is $75...

Westpac yesterday announced the successful completion of the Bookbuild for the Westpac Capital Notes 4 (Prospective ASX Code: WBCPG), setting the Margin at 4.90% over the 3-month Bank Bill Swap Rate (90BBSW). Due to strong investor demand Westpac closed the Bookbuild earlier than scheduled and also increased the Offer size to $1.45 billion. F...

On the 17th of May 2016 Westpac Banking Corporation (WBC) announced a new transaction, Westpac Capital Notes 4 (Prospective ASX Code: WBCPG). The purpose of this transaction is to provide Regulatory Capital for the group but more specifically it will be treated as additional Tier 1 capital for regulatory purposes. The indicative size of ...

On the 3rd of May 2016 Peet Limited (ASX Code: PPC) announced a new issue, Peet Notes. The size of the offer is indicated at $75 million but will change based on demand. The purpose of this transaction is to help refinance the existing Peet 9.5% Convertible Notes (ASX Code: PPCG) while further diversifying and increasing the average maturity of ...

Capitol Health Limited (ASX: CAJ), an unrated listed medical radiologist, has announced that it has successfully closed its offering of unsecured 4-year notes. Lead arranger of the transaction was National Australia Bank with FIIG Securities as a co-manager. The issuer raised $50 million and the proceeds from the offer will be used to pay down i...

On 31 March 2016 PAYCE Consolidated Limited (ASX Code: PAY) announced that it had redeemed all remaining outstanding 9.5% pa Australian Dollar Notes ($12 million notes outstanding). The resolution was passed by noteholders and hence the notes will were redeemed at 108.50% of the outstanding principle of each note and all accrued interest to the ...

IMF Bentham Limited, an unrated listed commericial litigation funder announced that it is to issue a 4-year senior unsecured note through FIIG ​Securities. The issuer raised $32 million and the proceeds from the offer will be used for general corporate purposes including growth funding for operations in Australia, the US and other markets. Th...

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On the 16th of February 2016, The Commonwealth Bank of Australia announced that it will redeem PERLS III and offer investors a rollover into PERLS VIII. The options for investors holding PERLS III (ASX code: PCAPA) 2016 are: 1. Exchange PERLS III for the new PERLS VIII issue; 2. Redeem PERLS III ($200 face value plus last dividend ) fo...

The Board also engaged NAB to investigate raising up to $50 million through a senior unsecured bond issue during the second half of FY16. See page 2 of announcement below.

Impact Group, an unrated and private property building and development group announced that it is to issue a 5-year seniro unsecured note through FIIG ​Securities. The issuer is seeking to raise an indicative A$40 million with the ability to add another A$45 million in over subscriptions. Proceeds from the offer will be retire bank debt and fund...

On 18 December 2015 Macquarie Group Limited (MQG) announced that it has closed Macquarie Capital Notes 2 offer and upsize the deal to $531million. The bookbuild closed the offer at a margin of 5.15%. Since then the Tier 1 capital market has widened slightly and therefore this security looks expensive releative to comparable offers from major ban...

Sunland Group (ASX Code: SDG) a property development group listed on the ASX announced that it had completed the a 5-year medium term note (MTN) offering through FIIG ​Securities. The issuer announced that the note had been met with strong demand and as a result they accepted $10million of oversubscriptions and hance the deal was upsized to $50 ...

On 23 November 2015 Macquarie Group Limited (MQG) announced a new transaction, Macquarie Capital Notes 2 (Prospective ASX Code: MQGPB). The purpose of the transaction is for capital management purposes of the group but also to purchase additional tier 1 instruments issued by Macquarie Bank. MQG is the non-operating holding company (NOHC) of all ...

On 16 November 2015 NEXTDC Limited (ASX Code: NXT) announced a new issue, NEXTDC Notes II.. The size of the offer is indicated at $70 million but will change based on demand. The purpose of this transaction is to help fund the development of its new data centres. NEXTDC is part of a fast growing industry, linked to tremendous global growth in...

Sunland Group, an unrated leading property development group listed on the ASX announced that it is to undertake a 5-year medium term note (MTN) offering through the non- rated entity funding specialist FIIG ​Securities. The issuer is seeking to raise an indicative A$40 million with the ability to add another A$10 million in over subscriptions f...

On 9 November 2015 Australian Unity Limited (ASX Code: AYU) announced a new issue, Australian Unity Bonds - Series B (Prospective ASX Code: AYUHB). The size of the offer is indicated at $200 million but will change based on demand. The purpose of this transaction is to help fund the acquisition of Home Care Service NSW and help refinance the exi...