Funds Focus

NAB has just announced the launch of a new income offer: NAB Capital Notes. The first round of access is through a broker firm allocation, prior to shareholder and general offer and listing in July.

The Notes will pay a quarterly coupon of 4.95%-5.1% (margin determined by the book build) over the 90 day bank bill swap rate (BBSW), which was 1.99% as of 31st May. The initial indicative rate will be 6.94%-7.09%pa with the rate to be set on the date of issue. The Notes are expected to redeem on

WESTPAC 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 and general offer and listing in July.

The Notes will pay a quarterly coupon of 4.9%-5.2% (margin determined by the book build) over the 90 day bank bill swap rate (BBSW), which was 1.99% as of 17th May. The initial indicative rate will be 6.89%-7.19%pa with the rate to be set on the date of issue. The Notes are expected to

Peet has just announced the launch of a new income offer: Peet Bonds. The first round of access is through a broker firm allocation, prior to shareholder offer and listing in December.

The Notes will pay a half yearly coupon at 7.5%pa and are due to mature 7th June 2021. The bond will be tradable on the ASX.

This issue will be used primarily to repurchase $50 Million Peet Convertible Notes due to mature in June.
Peet
For those not familiar with the Peet, they are one of Australia’s