Funds Focus

Bank of Queensland has just announced the launch of a new income offer: Bank of Queensland Convertible Preference Shares (CPS).The first round of access is through a broker firm allocation, prior to shareholder offer and listing in December.

The Shares will pay a semi annual coupon of 5.1%-5.3% (rate determined by the bookbuild) over the 180 day bank bill swap rate (BBSW), which was 3.25% as of 13th November, with an initial indicative rate of 8.33%-8.53%pa. (The first pricing is due to be

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