Funds Focus

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

Bonds – Strategies for income (cont.)
With the increase in the cost of funding globally and changes in legislation making it easier to offer bonds to retail investors, Bond issues are on the rise.
We look at whether the wave of new bank bond IPOs are worth considering.
If you have never heard of corporate bonds, you are not alone. The regulation surrounding the issuance of these products has until recently been cumbersome. As a result, new issues have until recently typically been aimed at

Bendigo and Adelaide Bank (Bendigo) recently announced the launch of a new retail bond: Bendigo and Adelaide Bank Retail Bonds Series 1 with a 3 year investment term.

market by issuing a security paying 1.40% over the 90 day bank bill swap rate (BBSW) for a three year term. The issue is another important step for the retail bond market and follows on from the Commonwealth Bank’s decision to issue a similar security last yea

The Bonds will pay a quarterly coupon of 1.40% over the 90 day