
Please find information for the ANZ CPS2 Shares offer below.
Wealth Focus has secured a broker firm allocation for the ANZ CPS2 IPO. Investors looking to apply for a firm allocation will need to contact us on 1300 55 98 69.
Applications are allocated on a first come first served basis until we have exhausted our allocation.
ANZ CPS2 is anticipated to be heavily oversubscribed.
The recent CBA PERLs V issue (CBAPA) is an example of the investor demand for securities which are offering a high margin over the bank bill rate. CBAPA offered a 3.4% over the BBSW and it was drastically oversubscribed, resulting in an immediate rise in share price on issue. CBAPA has traded as high as $206.98 (from $200) since listing in October.
Risk has been re-priced in the investor's favour since the Global Financial Crisis and the new issues of comparative credit ratings are offering much higher levels of income than we saw prior to the GFC. Renewed market confidence in the solvency of our banks is likely to reduce the margins being offered on future issues. |