On the 25th of August 2016, Woolworths Limited (ASX: WOW) announced its intention to redeem the Woolworths Subordinated Notes (ASX: WOWHC) on the 24th of November 2016 (First Call Date). As a result, the notes ceased trading on the ASX on the 15th of November 2016 with the last trading day being the 14th of November 2016. Holders who are on the...

Qube Subordinated Notes – Commence trading today on a deferred settlement basis Qube Holdings Limited previously closed offer raising $305 million. QUBHA commence trading on a deferred settlement basis today at 10:00am Trading is expected to commence on a normal settlement basis on the 10th of October 2016.

On the 30th of August 2016 Qube Holdings Limited (QUB) announced a new transaction, Qube Subordinated Notes (Prospective ASX Code: QUBHA). The purpose of this transaction is to provide funding for the group but also to help fund the partial acquisition and development of the Moorebank Intermodal Freight Precinct. The indicative size of the offer...

On the 16th of August 2016 Australian and New Zealand Banking Corporation (ANZ) announced a new transaction, ANZ Capital Notes 4 (Prospective ASX Code: ANZPG). The purpose of this transaction is to provide Regulatory Capital for the group but more specifically it will be treated as additional Tier 1 capital for regulatory purposes. The indicat...

On the 3rd of August 2016, Seven Group Holdings (ASX Code: SVW) announced the on-market purchase of up to 10% of TELYS4 (ASX Code: SVWPA) subject to market conditions. The group intends complete this over the next 12 months. Over the past 12 months Seven Group has undergone an extensive share buy-back as part of their capital management strateg...

On the 6th of July 2016, CBL Corporation (ASX Code: CBL) announced that it is seeking the right from noteholders to be entitled to repay its 8.25% 2019 notes before their maturity date (17 April 2019) at any time prior to the 30th of November 2016. This is expected to be funded by a secured financing facility and will reduce current funding cost...

Westpac Capital Notes 4 (WBCPG) – Commence trading today on a deferred settlement basis The Westpac Capital Notes 4 (ASX Code: WBCPG) distribution rate for the first distribution period was calculated yesterday at 4.8020% (6.86% grossed for franking). The first cash amount of distribution will be $1.2104, fully franked. WBCPG commence tradi...

On the 15th of June 2016, Elders Limited announced that both Elders Ordinary Shares (ASX: ELD) and Elders Hybrids (ASX: ELDPA) are to undergo a trading halt effective immediatly. Elders expects to facilitate a capital raising to fund the on-market purchase of its hybrid securities. Currently no purchase amount has been specified by the group but...

On the 31st of May 2016 National Australia Bank (NAB) announced a new transaction, NAB Capital Notes 2 (Prospective ASX Code: NABPD). The purpose of this transaction is to provide Regulatory Capital for the group but more specifically it will be treated as additional Tier 1 capital for regulatory purposes. The indicative size of the offer is $75...

Westpac yesterday announced the successful completion of the Bookbuild for the Westpac Capital Notes 4 (Prospective ASX Code: WBCPG), setting the Margin at 4.90% over the 3-month Bank Bill Swap Rate (90BBSW). Due to strong investor demand Westpac closed the Bookbuild earlier than scheduled and also increased the Offer size to $1.45 billion. For...

On the 17th of May 2016 Westpac Banking Corporation (WBC) announced a new transaction, Westpac Capital Notes 4 (Prospective ASX Code: WBCPG). The purpose of this transaction is to provide Regulatory Capital for the group but more specifically it will be treated as additional Tier 1 capital for regulatory purposes. The indicative size of the ...

On the 3rd of May 2016 Peet Limited (ASX Code: PPC) announced a new issue, Peet Notes. The size of the offer is indicated at $75 million but will change based on demand. The purpose of this transaction is to help refinance the existing Peet 9.5% Convertible Notes (ASX Code: PPCG) while further diversifying and increasing the average maturity of ...

Capitol Health Limited (ASX: CAJ), an unrated listed medical radiologist, has announced that it has successfully closed its offering of unsecured 4-year notes. Lead arranger of the transaction was National Australia Bank with FIIG Securities as a co-manager. The issuer raised $50 million and the proceeds from the offer will be used to pay down i...

On 31 March 2016 PAYCE Consolidated Limited (ASX Code: PAY) announced that it had redeemed all remaining outstanding 9.5% pa Australian Dollar Notes ($12 million notes outstanding). The resolution was passed by noteholders and hence the notes will were redeemed at 108.50% of the outstanding principle of each note and all accrued interest to the ...

IMF Bentham Limited, an unrated listed commericial litigation funder announced that it is to issue a 4-year senior unsecured note through FIIG ​Securities. The issuer raised $32 million and the proceeds from the offer will be used for general corporate purposes including growth funding for operations in Australia, the US and other markets. The ...

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On the 16th of February 2016, The Commonwealth Bank of Australia announced that it will redeem PERLS III and offer investors a rollover into PERLS VIII. The options for investors holding PERLS III (ASX code: PCAPA) 2016 are: 1. Exchange PERLS III for the new PERLS VIII issue; 2. Redeem PERLS III ($200 face value plus last dividend ) for cash...

The Board also engaged NAB to investigate raising up to $50 million through a senior unsecured bond issue during the second half of FY16. See page 2 of announcement below.

Impact Group, an unrated and private property building and development group announced that it is to issue a 5-year seniro unsecured note through FIIG ​Securities. The issuer is seeking to raise an indicative A$40 million with the ability to add another A$45 million in over subscriptions. Proceeds from the offer will be retire bank debt and fund...

On 18 December 2015 Macquarie Group Limited (MQG) announced that it has closed Macquarie Capital Notes 2 offer and upsize the deal to $531million. The bookbuild closed the offer at a margin of 5.15%. Since then the Tier 1 capital market has widened slightly and therefore this security looks expensive releative to comparable offers from major ban...