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Bendigo and Adelaide Bank (Bendigo) recently announced the launch of a new retail bond: Bendigo and Adelaide Bank Retail Bonds Series 1 with a 3 year investment term.
market by issuing a security paying 1.40% over the 90 day bank bill swap rate (BBSW) for a three year term. The issue is another important step for the retail bond market and follows on from the Commonwealth Bank’s decision to issue a similar security last yea
The Bonds will pay a quarterly coupon of 1.40% over the 90 day
ANZ has just announced the launch of its new hybrid security, CPS 2. The first round of funding is open through a broker firm allocation, prior to general offer and institutional offer before listing in December.
The securities will be rated A+ by agency Standard & Poor’s meaning they are an investment grade hybrid considered relatively low risk.
CPS 2 will pay a quarterly coupon of between 3.10% and 3.30% over the 90 day bank bill swap rate (BBSW), currently 3.90%, with exact
