Westpac (ASX: WBC) today announced the redemption of the Westpac Subordinated Notes (ASX: WBCHA). All notes will be redeemed representing a total of $1.68 billion. The notes will be redeemed on the 23rd of August 2017 (first optional call date) at par value plus the final interest payment $1.1305 per note. The record date is the 15th of Augu...

Heritage Bank today announced the suspension of the Heritage Retail Bonds (ASX: HBSHB) from official quotation. The bonds are expected to be redeemed on the 20th of June 2017 at par value together with the final interest payment of $1.8274 per security.

The ASX today announced the introduction of 3 new fixed income exchange traded funds (ETFs). - iShares Core Cash ETF (ASX: BILL) which aims to track the S&P/ASX200 Bank Bill Index. - iShares Enhanced Cash ETF (ASX: ISEC) which aims to provide excess returns over the S&P/ASX200 Bank Bill Index. - BetaShares Australian Bank Senior...

Due to strong demand from investors, NEXTDC (ASX: NXT) today closed the offer its 3rd series on unsecured senior notes raising $300 million (up from the indicative offer size of $200 million). The notes were priced at bookbuild at a coupon rate of 6.25% p.a. and are scheduled to settle on the 9th of June 2017. The group noted it is current...

Suncorp today announced the completion of its Capital Notes offer (ASX: SUNPF) raising $375 million (up from the indicative offer size of $300 million). The group allocated $300 under the Broker Firm and Institutional Offer and allocated $75 million under the Securityholder Offer. The notes were issued today on the 5th of May 2017 and are exp...

NEXTDC (ASX: NXT) today announced a potential new $200 million senior unsecured fixed rate bond offering. These securities will be sold to wholesale investors only (no prospectus being issued) and will not be listed on the Australian Securities Exchange. The securities would be known as NEXTDC Notes III and the proceeds would be used to red...

ANZ today announced the redemption of the ~$1.5 billion ANZ Subordinated Notes (ASX: ANZHA) which will take place on the 20th of June 2017. Holders will receive face value together with the final interest payment of $1.1456 per note. The last day of trading of ANZHA will be the 7th of June 2017 and the record date will be the 9th of June 2...

On the 27th of March 2017, equipment financier Axsesstoday (ASX: AXL) revealed it was in the final stages of completing a new secured corporate note issuance. These securities will be sold to wholesale investors only (no prospectus being issued) and are not listed on the Australian Securities Exchange. This was followed with an announcement t...

National Australia Bank (ASX: NAB) today announced the redemption of the NAB Subordinated Notes (ASX: NABHB). Following the reinvestment offer into the NAB Subordinated Notes 2 (ASX: NABPE) in March 2017, ~$633.7 million of the notes remain outstanding. The notes will be redeemed on the 19th of June 2017 (first optional call date) at par ...

Challenger limited (ASX: CGF) today closed the offer of Challenger Capital Notes 2 (ASX: CGFPB) raising $460 million (up from the indicative offer size of $350 million). Of this, the group allocated allocated $430 million on a firm basis under the Broker Firm and Institutional Offers and $30 million under the Securityholder Offer. For the...

As a result of strong investor demand, the Centuria Capital Group (ASX: CNI) has taken $50 million in oversubscriptions for its corporate notes, bringing the total offer size to $100 million The group intends to issue $40 million through its floating rate tranche with a margin of 4.50% p.a over the 90-day BBSW (ISIN: AU3FN0035457) and the r...

On the 22nd of February 2017, Insurance Australia Group Limited (ASX: IAG) announced its intention to redeem the IAG Convertible Preference Shares (ASX: IAGPC) at the next call date (1st of May 2017). As a result, the notes ceased trading on the ASX on the 8th of April 2017 with the last trading day being the 7th of April 2017. Holders w...

IMF Bentham (ASX: IMF) today closed the offer for second tranche of secured unlisted corporate notes (Tranche 2 Notes) raising $41.18 million . The second tranche will be used to raise additional capital for its senior secured notes (ISIN: AU3CB0236735). These notes have an interest rate of 7.40% and investors will receive a coupon step...

Commonwealth Bank of Australia (ASX: CBA) today closed the offer of PERLS IX (ASX: CBAPF) raising $1.64 billion (up from the indicative offer size of $1.45 billion). For the purposes of the exchange calculation the maximum conversion number is set at 2.3786 (Issue Date VWAP of $84.0828) in respect to mandatory exchange (5.9465 in respect of ...

Centuria Capital No.2 Fund (under terms and conditions set out in the information memorandum) today announced a new issue, Centuria Notes with a fixed and floating tranche. The offer will raise a minimum of $50 million with the ability to take oversubscriptions. The proceeds will be used for general corporate purposes including refinancing o...

Suncorp Group (ASX: SUN) today announced the successful completion of the Bookbuild for the Suncorp Capital Notes (Prospective ASX Code: SUNPF). Due to strong investor demand, the final margin was set at bottom of the indicated range (4.10 - 4.30%) at 4.10% p.a. over the 3-month Bank Bill Swap Rate (90BBSW). SUN has allocated $300 million of ...

Suncorp Group Limited (ASX: SUN) today announced a new transaction, Suncorp Capital Notes (Prospective ASX Code: SUNPF). The purpose of this transaction is to provide regulatory capital but more specifically, it will be treated as Additional Tier 1 capital. The indicative size of the offer is [$250 million] but SUN retain the ability to change t...

Villa World Limited (ASX: VLW) today announced the successful completion of the Bookbuild for the Villa World Bonds (Prospective ASX Code: VLWHA). Due to strong investor demand, the Bookbuild was closed earlier than scheduled with the final margin set at 4.75% p.a. over the 3-month Bank Bill Swap Rate (90BBSW). A replacement prospectus is exp...

Villa World Limited (ASX: VLW) today announced a new issue, Villa World Bonds (Prospective ASX Code: VLWHA). The bonds are expected to be issued on the 21st of April 2017. The minimum size of the offer is $50 million but will change based on demand and the proceeds from the transaction will be used to grow inventory through acquisitions and join...

National Australia Bank (ASX: NAB) today closed the offer of the NAB Subordinated Notes 2 (ASX: NABPE) raising $943.2 million (up from the indicative offer size of $800 million). Under the reinvestment offer, ~$539 million of the NAB Subordinated Notes (ASX: NABHB) were repurchased and cancelled leaving ~$634 million of NABHB outstanding. For...