Funds Focus

Commonwealth Bank has announced the launch of a new income offer: CBA Perls VI (CBAPC).The first round of access is through a broker firm allocation, prior to shareholder and general offer and listing in October.

The Shares will pay a quarterly coupon of 3.80%-4.00% over the 90 day bank bill swap rate (BBSW), 3.62% as of 31st August, with an initial indicative rate of 7.42%-7.62%pa. (The first quarterly price to be set on date of issue) and are expected to redeem 15th December 2018. The

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

The Bonds will pay a quarterly coupon of 4.50%-4.70% over the 90 day bank bill swap rate (BBSW), 3.63%  as of 8th August, with an initial indicative rate of 8.13%-8.23%pa. (The first quarter’s pricing is due to be set on date of issue) and are expected to redeem 31st March 2018*. The

Westpac Bank has announced the launch of a new income offer: Westpac Subordinated Notes (WBCHA).The first round of access is through a broker firm allocation, prior to shareholder and general offer and listing in August.

The Notes will pay a half yearly coupon of 2.75% over the 90 day bank bill swap rate (BBSW), 3.48%  as of 23rd July, with an initial indicative rate of 6.23%pa. (The first quarterly price to be set on date of issue) and are expected to redeem 23rd August 2017. The Notes will