On 26 October 2015 AMP Limited (AMP) announced a new transaction, AMP Capital Notes (Prospective ASX Code: AMPPA). The purpose of the transaction is to fund the purchase of additional tier 1 instruments issued by one or more of the regulated subsidiaries of the AMP group. AMP is the nonoperating holding company (NOHC) of all companies within the...

Wednesday, 7 October 2015 Independent fixed income research house BondAdviser today announced it has successfully closed its first capital raising to fund business growth. The offer was supported by a number of high-net-worth private investors connected to the financial services industry. BondAdviser Managing Director and Co-Founder, Ge...

Axsesstoday (a private company which provides commercial equipment finance to small businesses via a distribution channel of retailers see http://www.axsesstoday.com.au/) launched a new 6-year, subordinated, secured bond issue looking to raise $20 million through FIIG Securities. The transaction will be in floating rate format with a margin of 3...

The Integrated Packaging Group (unlisted and unrated) is Australia's largest specialist manufacturer and distributor of stretch film wrap (and associated products) servicing the agricultural and industrial markets. They have announced that they are seeking to raise up to A$40 million through a new 4-year fixed rate unsecured bond which is again ...

On 7 September 2015 PMP Limited (ASX Code:PMP) announced that it is seeking to raise $35-40m of new funding through the issue of a corporate bond (the sole arranger being FIIG Securities). The transaction is an unrated senior unsecured bond with funds being used to help paydown the existing bond (click here to see more detail on the existing bon...

Elders Limited (ASX: ELD) announced that its wholly - owned subsidiary Elders Finance Limited, will acquire on market and at its discretion, more or less than $30m of Elders Hybrids at a price up to (and including) $80 per $100 face value of its hybrid security. The securities were issued in 2006, but due to market conditions and Elders financia...

Event As a result of the announced CBA A$5bn pro rata renounceable entitlement offer, CBA will adjust the Maximum Conversion Number for PERLS III. This is in accordance with the terms of PERLS III and a notice will be sent to relevant investors. Highlights No adjustment applies in the case of the PERLS VI or PERLS VII, these being Basel...

On 10 August 2015 Silver Chef Limited announced to the ASX the signing of a new $300m syndicated banking facility provided by ANZ, Bank of Queensland, CBA, HSBC and Westpac, which will provide a staggered debt maturity profile over 3 and 5 years. At the same time, the company announced the early redemption of its FIIG originated bond (8.50% Fixe...

Westpac Banking Corporation announced today they had agreed to allocate $1.25 billion of Westpac Capital Notes 3 under the bookbuild and set the interest margin for the issue at 4.00% per annum. This was the low end of the range (4.00-4.20% per annum) and equates to a yield of 6.125% based on the 90-Day BBSW (Mid) set on 5 August 2015. The secur...

On the 27th July 2015 Westpac Banking Corporation announced a new transaction, Westpac Capital Notes 3. Click here for access to the report or for more information sign up for our free trial today.

FIIG Securities has completed Australia's largest unrated bond transaction for rail freight operator SCT Logistics raising $85 million. SCT provides a full suite of vertically integrated and national logistics services. It was founded in 1974 as a rail line-haul by Peter Smith and the ownership of the business has remained with the Smith family....

On 15th June 2015 Bendigo and Adelaide Bank announced they had closed the Bendigo CPS3 offer raising $282 million. The distribution rate for the first distribution period is set at 4.3843% (6.2633% gross up with franking credits) or $2.1982 per note. The issue date volume weighted average price (VWAP) was set at $12.09 which means the maximum co...

On 15 June 2015 SCT Logistics (Private Company) announced a new transaction with the sole arranger being FIIG Securities. The transaction is an unrated senior unsecured deal with the issuer looking to raise $75-85 million in a two part offering. Sources suggest that the offering is a $30 million floating rate tranche (4 year) and a $45 million f...

On 23rd April 2015 Crown Resorts Limited announced they had closed Crown Subordinated Notes II offer raising $630 million. The deal is due to commence trading tomorrow (24 April 2015 - deferred settlement basis). There has been some price weakness over the past few weeks in the older version of the subordinated notes (ASX Code: CWNHA) but this i...

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On the 17th March 2015 Crown Resorts Limited announced a new transaction, Crown Subordinated Notes II. Please find attached the investor presentation and for more information please access our secure site. Our Research Report will be available to subscribers in due course.

On 12 March 2015 AMP Limited announced a new Tier 1 Capital Note transaction for wholesale investors. This transaction is not for retail investors (wholesale investors only) and will be issued under an information memorandum and term sheet. The transaction will follow a similar structure to recently issued Tier 1 capital instruments from Challen...

On the 17th February 2015 National Australia Bank Limited announced a new transaction, NAB Capital Notes. Click here for access to the report or for more information sign up for our free trial today.

A new fixed income research company called BondAdviser was launched today with the aim of opening up the bond market to a broader range of investors by providing access to independent research and pricing data.Offered through a central online portal, BondAdviser covers all ASX-listed interest rate securities and a large range of over-the-counter...

Australia and New Zealand Banking Group Limited announced today they had agreed to allocate $850 million of ANZ Capital Notes 3 under the bookbuild and set the interest margin for the issue at 3.60% per annum. This was the low end of the range (3.60-3.80% per annum) and equates to a yield of 5.99% based on the 180-Day BBSW (Mid) set on 4 Februar...