Funds Focus

WESTPAC has just announced the launch of a new income offer: Westpac Capital Notes. The first round of access is through a broker firm allocation, prior to shareholder and general offer and listing in July.

The Notes will pay a quarterly coupon of 4.9%-5.2% (margin determined by the book build) over the 90 day bank bill swap rate (BBSW), which was 1.99% as of 17th May. The initial indicative rate will be 6.89%-7.19%pa with the rate to be set on the date of issue. The Notes are expected to

Peet has just announced the launch of a new income offer: Peet Bonds. The first round of access is through a broker firm allocation, prior to shareholder offer and listing in December.

The Notes will pay a half yearly coupon at 7.5%pa and are due to mature 7th June 2021. The bond will be tradable on the ASX.

This issue will be used primarily to repurchase $50 Million Peet Convertible Notes due to mature in June.
Peet
For those not familiar with the Peet, they are one of Australia’s

CBA has just announced the launch of a new income offer: CommBank Perls 8 Capital Notes. The first round of access is through a broker firm allocation, prior to shareholder offer and listing in March. Note: There is no Customer or General Offer

The Notes will pay a quarterly coupon of 5.2%-5.35% (rate determined by the bookbuild) over the 90 day bank bill swap rate (BBSW), which was 2.29% as of 16th February, with an initial indicative rate of 7.49%-7.64%pa. (The first pricing is due to be