Wealth Focus has secured access to an allocation to the Woolworths Notes IPO. Investors looking to apply for a firm allocation will need to contact us on 1300 55 98 69 by noon, Monday 24th October.
Applications received after this closing date are likely to be scaled back in what is expected to be a heavily subscribed offer.
Woolworths Notes II is expected to be heavily oversubscribed
The continued market volatility has continued to highlight the benefits of fixed income offers. Woolworths previous income offer Woolworths Notes series 1 (WOWHB) was repaid in September this year and had paid a margin of 1.1% over the 90 day BBSW.
The latest issue is expected to pay a margin of 3.25%-3.50% over the 90 day BBSW. As one of Australia's largest companies offering an attractive floating rate and greater security than the previous issue (WOWHB), we anticipate there to be considerable investor appetite for this issue. |