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.

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...

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% ...

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,...

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...

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...

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...

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...

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...

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...

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...

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 ...

On 8 July 2019, One Managed Investment Funds Limited (Responsible Entity) announced that it has decided to close the Shortfall Offer for the Gryphon Capital Income Trust (GCIT / Trust) at the close of that day's business - much earlier than the scheduled 31 July 2019. The Shortfall Offer relates to the 1 for 2 Entitlement Offer for the GCIT a...

On 2 July 2019, Equity Trustees Limited (Responsible Entity) announced the successful completion of the capital raising undertaken by the NB Global Corporate Income Trust (NBI / Trust). The Offer raised approximately $476 million in total at an offer price of $2.00 per new ordinary unit issued. Of the approximately 238 million New Units issu...

On 27 June 2019, Equity Trustees Limited (Responsible Entity) announced that the Manager of the NB Global Corporate Income Trust (NBI / Trust), Neuberger Berman, had decided to close the Shortfall Offer early, at 3pm of that day. The Shortfall Offer relates to the pro-rata non-renounceable Entitlement Offer for NBI and it was closed early due...

The Gryphon Capital Income Trust (GCIT) is a listed income trust (LIT) designed to provide investors with exposure to the Australian Securitisation market (ASX Code: GCI). This asset-class is a pillar of the Austarlian fixed income market and primarily consists of Residential Mortgage-Backed Securities (RMBS), representing the majority of the GC...

The Neuberger Berman Global Corporate Income Trust (NB GCIT) is a listed income trust (LIT) designed to provide investors with access or exposure to the global high-yield bond market (ASX: NBI). This $2.7 trillion asset class is a major pillar of the global fixed income universe and highly diversified by geography, sector and credit quality. Spe...

Earlier today, Axsesstoday Limited (ASX: AXL, the Company) announced that it had appointed three Deloitte Financial Advisory partners as Joint and Several Administrators (Administrators) of the Company and will do so to some other Group entities. This news follows swiftly on from the additional missteps of the week before (which we covered in...

On 27 March 2019, Macquarie Group (ASX: MQG) closed its offer for Macquarie Group Capital Notes 4 (MCN4, ASX: MQGPD), issuing 9,054,910 Note at an issue price of $100 each, raising $905.5 million. Applications under the Securityholder Offer were accepted in full and which raised $155.5 million. The Notes begin trading on a deferred settlem...

The Perpetual Credit Income Trust (PCIT) (the Trust) is a listed income trust (LIT) designed to provide investors with access and exposure to credit markets with a tilt towards both the private debt markets and high-yield bond markets. This is overseen via an active management mandate overlay, that prioritises capital retention, from an establis...