Funds Focus

ANZ Bank has just announced the launch of a new income offer: ANZ Capital Notes.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 on

Watermark has announced the launch of a new Listed Investment Company: Watermark Market Neutral Fund (WMK).The first round of access is through a broker firm allocation, prior to the shareholder & general offer and listing in June.

The Shares aim to provide investors with a 12% pre tax return and pay a 5% fully franked dividend (subject to available franking credits). The Shares will be tradable on the ASX.

This issue is the launch of a market neutral strategy from the manager of

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