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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
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
APA Group has just announced the launch of a new income offer: APA Group Subordinated Notes.The first round of access is through a broker firm allocation, prior to shareholder offer and listing in September.
The Bonds will pay a quarterly coupon of 4.50%-4.70% over the 90 day bank bill swap rate (BBSW), 3.63% as of 8th August, with an initial indicative rate of 8.13%-8.23%pa. (The first quarter’s pricing is due to be set on date of issue) and are expected to redeem 31st March 2018*. The
