19/07/2018 Crown Announces Redemption of Subordinated Notes
Crown Resorts (ASX: CWN) today announced its intention to redeem the Crown Subordinated Notes (ASX: CWNHA).
The group had previously operated an on-market buyback programme for the notes which commenced in March 2017, buying a total of $134.2 million before the buyback was cancelled in June 2018.
Crown intends to redeem the remaining note...
9/07/2018 New Issue: Axsesstoday Bonds (ASX: AXLHA)
On the 26th of June 2018, Axsesstoday Limited (ASX Code: AXL) announced the launch of Axsesstoday Bonds (ASX Code: AXLHA). The issue will raise $55 million (upsized from $50 million) with the proceeds used to fund the group's growing loan book and repay existing borrowings. The issue date is expected to be the 25th of July 2018.
The bonds are...
5/07/2018 Westpac Announces Redemption of Subordinated Notes
Westpac today announced its intention to redeem the $925 million Westpac Subordinated Notes 2 (ASX: WBCHB).
The notes are expected to be redeemed on the first optional call date (22 August 2018) and investors will receive par value together with the final interest payment of $1.07 per note.
The record date is the 14th of August 2018 and t...
4/07/2018 Axsesstoday Bonds (ASX: AXLHA) Completion of Bookbuild
Axsesstoday (ASX: AXL) today successfully closed the bookbuild for its inaugural Simple Corporate Bond offer (ASX: AXLHA).
The final issue size was increased from the indicative offer of $50 million to $55 million.
The interest margin was set at the lower end of the guided range at 4.90% p.a. over 90-day BBSW.
The bonds are expected to...
3/07/2018 New Issue: NEXTDC Notes IV
NEXTDC Limited (ASX: NXT) today announced the launch of its issue of NEXTDC Notes IV (ISIN: To be Confirmed). The offer is intended to raise $250 million, with an ability to take-over subscriptions. Net proceeds will be used for general business and financing purposes, including investment in the development of new data centre sites and the core...
13/06/2018 APA Receives Non-Binding Acquisition Proposal From CK Consortium
APA (ASX:APA) has received an unsolicited, indicative and non-binding proposal from a consortium led by CK Infrastructure Holdings Limited (CKI), comprising CKI, CK Asset Holdings Limited (CKA) and Power Assets Holdings Limited to acquire all of the stapled securities in APA through trust schemes. The proposed price is $11 per stapled security, ...
12/06/2018 Next Gen Launches New Fixed Rate Bond
On the 12th of June 2018, Next Gen Health and Lifestyle Clubs announced a new 5-year, $45 million bond through FIIG Securities. The proceeds from the transaction are expected to refinance existing bank facilities.
The securities are structured as fixed-rate, senior secured notes and distributions are direct and paid on a quarterly basis. The...
30/05/2018 CVC Limited Announces New Convertible Notes
On the 30th of May 2018, CVC Limited (ASX: CVC) announced a new 5-year, $50 million convertible note, to be issued through Evans & Partners and listed on the ASX. The notes will provide funding to expand the company s diversified and actively-managed portfolio of assets.
The notes are structured as floating rate, redeemable, unsecured and...
9/05/2018 Macquarie Capital Notes 3 Completion of Bookbuild
Macquarie Group Limited (“MQG”) today announced the successful completion of the Bookbuild for the Macquarie Group Capital Notes 3 (ASX Code: MQGPC).
The final margin was set at 4.00% p.a. over 90 Day BBSW, at the bottom of the indicative range (4.00 – 4.20%).
The Offer size will depend upon the volume of Applications received and accepted...
9/05/2018 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 distri...
7/05/2018 New Issue: Macquarie Group Capital Notes 3
On the 7th of May 2018, Macquarie Group Limited (“MQG”) launched an offer for Macquarie Group Capital Notes 3 (expected ASX Code: MQGPC). The size is guided to be $600 million, with the group retaining the ability to raise more or less. The securities are structured as perpetual, subordinated, unsecured and convertible notes. Distributions ar...
17/04/2018 NEXTDC Announces $281 Million Equity Placement
Earlier today, NEXTDC (ASX: NXT) made an announcement stating its intention to purchase three new commercial property sites in Sydney (S3), Melbourne (M3) and Perth (P2). The decision to acquire the sites, earmarked as future data centre developments, is driven by advanced negotiations with several large customers and preparation for future gro...
9/04/2018 CommBank PERLS X Capital Notes (CBAPG) - Begin Trading
CommBank PERLS X Capital Notes (CBAPG) – commenced trading today on a deferred settlement basis.
The CommBank PERLS X Capital Notes (CBAPG) distribution rate for the first distribution period was calculated today at 3.808% (5.44% grossed for franking).
The first cash distribution will be $0.7303, fully franked and payable on 15 June 2018...
3/04/2018 Westpac Completes Transfer and Conversion of Convertible Preference Shares
Westpac Banking Corporation (ASX: WBC) today completed the transfer and conversion of the remaining Westpac Convertible Preference Shares (ASX: WBCPC).
Unitholders were paid par value ($100) for each unit on the 3rd of April 2018. The final dividend of $0.1782 unit per share for the period from 14 March 2018 to 31 March 2018 was also paid fol...
28/03/2018 New Issue: Liberty Financial Medium Term Notes
On the 28th of March 2018, Liberty Financial Pty Ltd (“Liberty”) launched and completed an offer for 3-year Medium Term Notes. The issue concluded with a size of $150 million, upsized from the $100 million at launch.
These securities are structured as fixed-rate, senior, unsecured obligations. Distributions are direct, unconditional and paid ...
14/03/2018 Westpac Capital Notes 5 (WBCPH) Begin Trading
Westpac Capital Notes 5 (WBCPH) – commenced trading today on a deferred settlement basis
The Westpac Capital Notes 5 (ASX Code: WBCPH) distribution rate for the first distribution period was calculated today at 3.5875% (5.125% grossed for franking).
The first cash distribution will be $0.9927, fully franked and payable on 22 June 2018..
26/02/2018 Bank of Queensland Announces Intention To Redeem CPS (ASX: BOQPD)
Bank of Queensland (ASX: BOQ) today announced its intention to redeem all remaining Convertible Preference Shares (ASX: BOQPD) on the first optional call date (16 April 2018).
The bank stated it will issue a formal notice on the 5th of March 2018 which is the date BOQPD will be suspended from trading.
Unitholders will be entitled to face v...
21/02/2018 APA Group Announces Redemption of Subordinated Notes (ASX: AQHHA)
As we expected, APA Group today announced the redemption of its subordinated notes (ASX: AQHHA) as part of its interim results (1H18).
The redemption will take place on the first optional call date (31 March 2018) and holders on the record date (23 March 2018) will be entitled to the final payment.
The final payment comprises face value ($...