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Bendigo & Adelaide Bank has just announced the launch of a new income offer: Bendigo & Adelaide Bank Convertible Preference Shares (CPS).The first round of access is through a broker firm allocation, prior to shareholder offer and listing in November.
The Shares will pay a semi annual coupon of 5.0%-5.5% (rate determined by the bookbuild) over the 180 day bank bill swap rate (BBSW), which was 3.37% as of 21st September, with an initial indicative rate of 8.37%-8.87%pa. (The first
IAG has just announced the launch of a new income offer: IAG CPS.The first round of access is through a broker firm allocation, prior to shareholder offer and listing in May.
IAG CPS will pay a half yearly coupon of 4.00% over the 180 day bank bill swap rate (BBSW), 4.45% as of 23rd March, with an initial indicative rate of 8.45%pa. (The first semi- annual price is due to be set on date of issue) and are expected to redeem 1st May 2017*. The shares will be tradable on the ASX.
This
