Wealth Focus has secured access to the Caltex CPS IPO. Investors looking to apply for a firm allocation will need to contact us on 1300 55 98 69 by close of business on Friday.

Allocations may still be available after this date but will be allocated on a first come first served basis.

Caltex Subordinated Notes
Fixed income issues continue to be highly sought after and we expect Caltex's latest offer at 4.5%-4.75% over the 90 day BBSW (3.55% - 31/07/12) to be popular. We've not provided our own analysis on this issue but its very similar in structure to last year's Origin Energy Notes.

We anticipate this will come in at 4.5% over the 90 day BBSW and view this as a similar risk to the Origin Energy Notes (ORGHA). Overall, both these issues offer a higher premium for a higher risk hybrid.

• Download a prospectus
• Download a fact sheet

Call us on 1300 559 869 to ask us to secure your allocation.

• Broker firm offer - Our allocation through the broker firm offer means investors are more likely to achieve their desired allocation without waiting for the general offer.
  


• Limited Offer – The offer is to raise approximately $300 Million, with the ability to raise more or less. The shares will be traded on the ASX


• Income - Caltex Subordinated Notes provide holders with quarterly unfanked distributions.


• High level of income - The indicative distribution rate is 4.50%-4.75% over the 90 day Bank Bill Swap Rate (3.55% - 01/08/12) for an indicative rate of 8.05%pa-8.25%pa.


• Un-franked Income - Investors often overlook that returns quoted on fixed income include the franking credits. Un-franked payments should be considered more attractive, avoiding the need to wait until the end of the tax year to claim back the franking.


• Minimum investment - $10,000 (this is a Wealth Focus minimum)


• Issue Price - $100

• Fact sheet
• Prospectus
• Research
• View our online webinar - An Introduction to Fixed Income