Search results of Tag: Hybrid

Wealth Focus

ANZ Capital Notes 3 – Analysis

ANZ Bank has just announced the launch of a new income offer: ANZ Capital Notes 3.The first round of access is through a broker firm allocation, prior to shareholder offer and listing in March.

The Notes will pay a semi annual coupon of 3.6%-3.8% (rate determined by the bookbuild) over the 180 day bank bill swap rate (BBSW), which was 2.69% as of the 23 January, with an initial indicative rate of 6.19%-6.39%pa. (The first pricing is due to be set on date of issue) The Notes are expected to

Hybrid, IPO, Capital Notes, ANZ, Hybrid IPO, review, analysis
Wealth Focus

CBA Perls VII Capital Notes (CBAPD) – Analysis

CBA has just announced the launch of a new income offer: CommBank Perls 7 Capital Notes. The first round of access is through a broker firm allocation, prior to shareholder offer and listing in October. Note: There is no Customer or General Offer

The Notes will pay a quarterly coupon of 2.8%-3.0% (rate determined by the bookbuild) over the 90 day bank bill swap rate (BBSW), which was 2.64% as of 15th August, with an initial indicative rate of 5.46%-5.66%pa. (The first pricing is due to be set

Hybrid, Fixed Income, IPO, Capital Notes, CBA, CBA CommBank, Hybrid IPO
Wealth Focus

ANZ Capital Notes 2 (ANZPE) – Analysis

ANZ Bank has just announced the launch of a new income offer: ANZ Capital Notes 2.The first round of access is through a broker firm allocation, prior to shareholder offer and listing in August.

The Notes will pay a semi annual coupon of 3.4%-3.6% (rate determined by the bookbuild) over the 180 day bank bill swap rate (BBSW), which was 2.82% as of 2nd July, with an initial indicative rate of 6.22%-6.42%pa. (The first pricing is due to be set on date of issue) The Notes are expected to redeem

Hybrid, IPO, Capital Notes, Allocation, ANZ, Broker Firm Allocation, Hybrid IPO