Search results of Tag: Hybrid

NAB Capital Notes 2 (NABPD) – Analysis

NAB has just announced the launch of a new income offer: NAB Capital Notes. The first round of access is through a broker firm allocation, prior to shareholder and general offer and listing in July.

The Notes will pay a quarterly coupon of 4.95%-5.1% (margin determined by the book build) over the 90 day bank bill swap rate (BBSW), which was 1.99% as of 31st May. The initial indicative rate will be 6.94%-7.09%pa with the rate to be set on the date of issue. The Notes are expected to redeem on

Hybrid, Fixed Income, IPO, Fixed Income Hybrids, Capital Notes, NAB, Hybrid IPO

Westpac Capital Notes 4 (WBCPG) – Analysis

WESTPAC has just announced the launch of a new income offer: Westpac Capital Notes. The first round of access is through a broker firm allocation, prior to shareholder and general offer and listing in July.

The Notes will pay a quarterly coupon of 4.9%-5.2% (margin determined by the book build) over the 90 day bank bill swap rate (BBSW), which was 1.99% as of 17th May. The initial indicative rate will be 6.89%-7.19%pa with the rate to be set on the date of issue. The Notes are expected to

Hybrid, Fixed Income, Westpac, IPO, Capital Notes, Hybrid IPO, review

CBA Perls VIII Capital Notes (CBAPE) – Analysis

CBA has just announced the launch of a new income offer: CommBank Perls 8 Capital Notes. The first round of access is through a broker firm allocation, prior to shareholder offer and listing in March. Note: There is no Customer or General Offer

The Notes will pay a quarterly coupon of 5.2%-5.35% (rate determined by the bookbuild) over the 90 day bank bill swap rate (BBSW), which was 2.29% as of 16th February, with an initial indicative rate of 7.49%-7.64%pa. (The first pricing is due to be

Hybrid, Fixed Income, IPO, CBA, CBA CommBank, Hybrid IPO, review