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

Westpac Bank 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 offer and listing in March.

The Notes will pay a semi annual coupon of 3.2%-3.4% (rate determined by the bookbuild) over the 90 day bank bill swap rate (BBSW), which was 2.99% as of 1st February, with an initial indicative rate of 6.19%-6.39%pa. (The first pricing is due to be set on date of issue) The Notes are expected to

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