Funds Focus

Fun for the Melbourne Cup. Each year, Macquarie and Morgans analysts are allowed to emerge from the bear pits with the hope of proving their worth and the promise of a possible promotion to the Wall St Poker tournaments.

Macquarie have offered the most detailed and consistent analysis with Morgans coming a close second. Previous newcomers PWC and BT Fixed Income team throwing in the towel after just a couple of years.

Macquarie’s champagne years had seemingly come to an end, but in true

Suncorp Group has just announced the launch of a new income offer: Suncorp Group Capital Notes 2. The first round of access is through a broker firm allocation, prior to shareholder offer and listing in November. Note: There is no Customer or General Offer

The Notes will pay a quarterly coupon of 3.65%-3.85% (rate determined by the bookbuild) over the 90 day bank bill swap rate (BBSW), which was 1.70% as of 23rd October, with an initial indicative rate of 5.35%-5.55%pa. (The first pricing is

Bendigo & Adelaide Bank has just announced the launch of a new income offer: Bendigo & Adelaide Bank Convertible Preference Shares 4. The first round of access is through a broker firm allocation, prior to shareholder offer and listing in December.

Note: There is no Customer or General Offer

The Shares will pay a quarterly coupon of 3.75%-3.95% (rate determined by the bookbuild) over the 90 day bank bill swap rate (BBSW), which was 1.70% as of 16th October, with an initial