Tatts Group has just announced the launch of a new income offer: Tatts Bonds.The first round of access is through a broker firm allocation, prior to shareholder and general offers and listing at the end of this month.
The Bonds will pay a quarterly coupon of 2.90%-3.10% over the 90 day bank bill swap rate (BBSW), 3.53% as of 29th May, with an initial indicative rate of 6.43%-6.63%pa. (The first quarter’s pricing is due to be set on date of issue) and are due to mature on the 5th July 2019
