Funds Focus

National Australia Bank has just announced the launch of a new income offer: NAB Convertible Preference Shares (CPS) II.The first round of access is through a broker firm allocation, prior to shareholder offer and listing in December. The Notes will pay a quarterly coupon of 3.25%-3.4%pa (rate determined by the bookbuild) over the 90 day bank bill swap rate (BBSW), which was 2.59% as of 13th November, with an initial indicative rate of 5.84%-5.99%pa. (The first pricing is due to be set on date

National Australia Bank has just announced the launch of a new income offer: NAB Convertible Preference Shares (CPS).The first round of access is through a broker firm allocation, prior to shareholder offer and listing in March.

The Notes will pay a quarterly coupon of 3.2%-3.4%pa (rate determined by the bookbuild) over the 90 day bank bill swap rate (BBSW), which was 3.03% as of 13th February, with an initial indicative rate of 6.23%-6.43%pa. (The first pricing is due to be set on date of

MYOB Group has just announced the launch of a new income offer: MYOB Subordinated Notes.The first round of access is through a broker firm allocation, prior to the general offer and listing in December.

The Notes will pay a quarterly coupon of 5.0%-5.5% (rate determined by the bookbuild) over the 90 day bank bill swap rate (BBSW), which was 3.27% as of 23rd December, with an initial indicative rate of 9.97%-10.27%pa (The first pricing is due to be set on date of issue). The Notes are expected