Funds Focus

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

Healthscope is the latest company to enter the retail bond market with a five and a half year bond (Healthscope Notes).

Healthscope, a private healthcare service provider and operator of private hospitals and pathology labs around Australia, Malaysia, Singapore and New Zealand, was privatised by the Carlyle Group and TPG in October of this year. They are looking to raise between $170m and $215m to refinance the bridging loan facility utilised during the acquisition.

Overall, Healthscope

CBA has just announced the launch of a new retail bond: CommBank Retail Bonds Series 1 with a 5 year investment term. The first round of access is through a broker firm allocation, prior to general offer and institutional offer before listing in December.

The Bonds will pay a quarterly coupon of 1.05% over the 90 day bank bill swap rate (BBSW), 5.02%  as of 17th November, with an initial indicative rate of 6.07%. (The first quarter’s pricing is due to be set on date of issue) and will have