On the 1st of November 2018, Commonwealth Bank of Australia (“CBA”) launched an offer for CommBank PERLS XI Capital Notes (expected ASX Code: CBAPH). 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, convertible notes. ...

Centuria (ASX: CNI) today announced that it had successfully closed the bookbuild for its issue of Centuria Notes II. The final issue size was $80,000,000 comprising $35,000,000 of Floating Rate Notes (AU3FN0045068) and $45,000,000 of Fixed Rate Notes (AU3CB0257830). The interest margin was set as guided at 4.25% p.a. over 90-day BBSW and...

On 10 October 2018, Centuria Capital No.2 Fund ("The Issuer") announced a new issue, Centuria Notes II (ISIN: To be Confirmed). The notes are expected to be issued on the 22 October 2018 and raise between $75-$100 million across both the floating ($25 to $50 million) and fixed ($25 to $50 million) tranches. The proceeds will be used to maintain/...

Cash Converters (ASX:CCV) yesterday redeemed the Cash Converters 7.95% 2018 Bond, in line with its stated intention to do so contained as part of its full year results announcement dated 27th August 2018. This announcement noted the successful A$39.5 million non-renounceable rights issuance, the proceeds of which in part contributed to settle...

Seven Group (ASX: SVW) today launched an offer to holders of Seven Group TELYS4 (ASX: SVWPA) preference shares to redeem and/or convert their units. The Conversion Proposal allows holders to convert their holdings at an 15% premium to market value and receive 4.60645 ordinary shares for each TELYS4. The conversion ratio has been calculated as th...

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...

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...

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...

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...

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...

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, ...

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...

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...

On 15 May 2018, Macquarie Group Limited (“MQG”) provided an updated prospectus to coincide with the launch of the Securityholder and Reinvestment Offers for its Macquarie Group Capital Notes 3 (ASX Code: MQGPC). The offer size was revised upwards again to approximately $900 million, with the ability to raise up to $1 billion. The margin ha...

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...

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...

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...

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...

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...

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...