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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
Heritage Bank has just announced the launch of a new income offer: Heritage Bank Retail Bonds.The first round of access is through a broker firm allocation, prior to shareholder offer and listing in December.
The Bonds will pay a quarterly coupon of 7.25%pa, maturing 20th June 2017 (5 years). The bond will be tradable on the ASX.
This issue will be used for general funding purposes and refinance existing debt.
Investors concerned about hidden catches within some of the recent hybrid
IAG has just announced the launch of a new income offer: IAG CPS.The first round of access is through a broker firm allocation, prior to shareholder offer and listing in May.
IAG CPS will pay a half yearly coupon of 4.00% over the 180 day bank bill swap rate (BBSW), 4.45% as of 23rd March, with an initial indicative rate of 8.45%pa. (The first semi- annual price is due to be set on date of issue) and are expected to redeem 1st May 2017*. The shares will be tradable on the ASX.
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