APA Group has just announced the launch of a new income offer: APA Group Subordinated Notes.The first round of access is through a broker firm allocation, prior to shareholder offer and listing in September.
The Bonds will pay a quarterly coupon of 4.50%-4.70% over the 90 day bank bill swap rate (BBSW), 3.63% as of 8th August, with an initial indicative rate of 8.13%-8.23%pa. (The first quarter’s pricing is due to be set on date of issue) and are expected to redeem 31st March 2018*. The
