Search results of Tag: convertible

Wealth Focus

Bendigo & Adelaide Bank CPS4 (BENPG) – Analysis

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

Invest, Hybrid, IPO, Income, Allocation, application, research
Wealth Focus

Whitefield Convertible Resettable Preference Shares (WHFPB) – Analysis

Whitefield has announced the launch of a new income offer: Whitefield Convertible Resettable Preference Shares (Whitefield CRPS).The first round of access is through a broker firm allocation, prior to shareholder and general offer and listing in August.

The CRPS will pay a half yearly coupon at 7.00%pa plus franking (expected 10%pa gross). The CRPS will be tradable on the ASX.

This issue will be used primarily to expand the underlying portfolio.

 
Equity returns for fixed

Hybrid, Fixed Income, IPO, Whitefield, Hybrid IPO, review, analysis