Westpac Banking Corporation (WBC) on Friday 9 February 2018 announced the successful completion of the Bookbuild for the Westpac Capital Notes 5 (Prospective ASX Code: WBCPH). The final margin was set at 3.20% p.a. over 90 Day BBSW, at the bottom of the indicative range (3.20 - 3.40%). The Offer size has been increased to $1.45 billion (fr...

ANZ today announced it will repay the remaining ANZ Convertible Preference Shares 3 (ASX: ANZPC) on the 1st of March 2018 (next scheduled interest payment date). The final interest payment will be paid ($1.4753) together with par value ($100.00). The last day of trading on the ASX for CPS3 will be on the 12th of February 2018.

The Scheme of Arrangement regarding the merger between Tatts Group (ASX: TTS) and Tabcorp Holdings (ASX: TAH) was implemented today. As a result, Tatts is now a wholly-owned subsidiary of Tabcorp. Under the terms of the Tatts Bonds (ASX: TTSHA), this has triggered a Change of Control Event. As “a person and their associates (Tabcorp) has come...

On 22 November 2017, Bank of Queensland Limited (“BOQ”) issued an offer for Bank of Queensland Limited Capital Notes (expected ASX Code: BOQPE), to raise $300 million, with the ability to raise more or less, accompanied by a reinvestment offer for holders of the existing Bank of Queensland Convertible Preference Shares (CPS, ASX Code: BOQPD). Th...

On the 16th November, Members Equity Bank Limited completed the bookbuild of its Wholesale Capital Notes, which qualify for regulatory Additional Tier 1 capital. Following strong investor demand, the notes were upsized to $200 million from $150 million and will be issued with a margin of 525bps over 3mBBSW.. The notes are expected to settl...

On the 15th November, QMS Media Limited announced that it had successfully closed its offering of 5-year senior unsecured notes. Following strong investor demand, the notes were upsized to $70 million from $50 million and carry a fixed 7.00% coupon. The notes are expected to settle on 21 November 2017.

On the 14th November 2017 Members Equity Bank Limited (ME Bank / ME) announced a new issue, Members Equity Wholesale Capital Notes [ISIN: To Be Confirmed]. The notes are expected to be issued on the 28th November 2017 and the offer is expected to raise up to $150 million (with the ability to raise more or less). These securities are struct...

QMS Media Limited (QMS) has launched fixed rate notes raising $50 million with the ability to take oversubscriptions. The notes pay a coupon rate of 7.00% ~ 7.25% p.a. The payment is paid semi-annually in arrears on the 21st of May and 21st of November of each year up to maturity with the first commencing on 21st of May 2018. The maturity ...

Suncorp Group (SUN) today announced the successful completion of the Bookbuild for the Suncorp Capital Notes 2 (Prospective ASX Code: SUNPG). The final margin was set at 3.65% p.a. over 90 Day BBSW or the bottom of the indicative range (3.65 - 3.85%). Following the completion of the bookbuild, SUN confirmed the offer size of $300 million unde...

Bendigo & Adelaide Bank (BEN) today announced the successful completion of the Bookbuild for the Bendigo & Adelaide Bank Converting Preference Shares 4 (Prospective ASX Code: BENPG). The final margin was set at 3.75% p.a. over 90 Day BBSW or the bottom of the indicative range (3.75 - 3.95%). Following the completion of the bookbuild, ...

Elanor Investors Group (ASX: ENN) today launched its inaugural fixed rate bond raising $40 million. The bonds pay a coupon rate of 7.10% p.a. which is paid on a semi-annual basis in arrears. The legal final maturity date is the 17th of October 2022 (5-years).

ANZ today closed its offer for the ANZ Capital Notes 5 (ASX: ANZPH). The bank revealed it would allocate ~$930 million of the notes under the ANZ Securityholder Offer and Broker Firm Reinvestment Offer. As a result, the Broker Firm New Money Offer will not proceed. ~$812 million of the ANZ Convertible Preference Shares 3 (ASX: ANZPC) were eit...

ANZ today announced the successful completion of the Bookbuild for the ANZ Capital Notes 5 (Prospective ASX Code: ANZPH). The final margin was set at 3.80% p.a. over 90 Day BBSW or the bottom of the indicative range (3.80 - 4.00%). ANZ has allocated $552 million of the notes under the Broker Firm Offer. The final size of the offer is dependen...

Westpac (ASX: WBC) today announced it had redeemed all Westpac Subordinated Notes (ASX: WBCHA) outstanding. See announcement attached.

On the 16th August 2017, the Australia and New Zealand Banking Group Limited (ANZ) announced a new issue, namely ANZ Capital Notes 5 (CN5, prospective ASX Code: ANZPH). The transaction provides regulatory capital for the group and constitutes Additional Tier 1 capital. The indicative size of the offer is up to [$1 billion] and ANZ reserves the...

Caltex Australia (ASX: CTX) today announced its intention to redeem the Caltex Subordinated Notes (ASX: CTXHA) at the first optional call date on the 15th of September 2017. Noteholders as at 7th of September 2017 (the Record Date) will be entitled to par value plus the final interest payment of $1.5678 per note on the first optional call dat...

ANZ today announced the possible on-market buyback for the Series III Convertible Preference Shares (ASX: ANZPC). As a result, ANZ would not formally exercise its right to redeem ANZPC on the first optional call date on the 1st of September 2017. This would be conducted in conjunction with the offer of a new hybrid capital instrument leaving ...

Goodman Group (ASX: GMG) today announced its intention to repurchase all of the Goodman Preferred Step-Up Units (ASX Code: GMPPA) on the 2nd of October 2017. The $327 million redemption will be funded by existing cash deposits (in excess of $2 billion). Holders of GMPPA on the 25th of September 2017 (Record Date) will receive par value tog...

G8 Education (ASX: GEM) today announced its intention to redeem all of its existing 7.65% p.a wholesale fixed rate bonds (ISIN: AU3CB0212140) at the next optional call date (7 August 2017) at 102% of par value with interest payable for that period. The early redemption ($70 million) will be funded with the proceeds from the group's recent ~$1...

Peet Limited (ASX: PPC) today announced the completion of its Series II Bonds offer (ASX: PPCHB) raising $50 million. The bonds were issued today (5 July 2017) and are expected to begin trading on a normal settlement basis on the 10th of July 2017. The bookbuild was completed on the 21st of June 2017 and the interest margin was set at 4.65...