Funds Focus

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

Westpac Bank has announced the launch of a new income offer: Westpac Subordinated Notes (WBCHA).The first round of access is through a broker firm allocation, prior to shareholder and general offer and listing in August.

The Notes will pay a half yearly coupon of 2.75% over the 90 day bank bill swap rate (BBSW), 3.48%  as of 23rd July, with an initial indicative rate of 6.23%pa. (The first quarterly price to be set on date of issue) and are expected to redeem 23rd August 2017. The Notes will

With the recent flood of new fixed income issues, this session aims to provide investors with some of the basic knowledge of fixed income products as well as an understanding of how to compare some of the recent hybrid & fixed income offers and how we at Wealth Focus allocate these within our portfolios.

Best regards

Sulieman Ravell

Wealth Focus Pty Ltd