SEEK Limited has just announced the launch of a new income offer: SEEK Subordinated Notes.The first round of access is through a broker firm allocation, prior to shareholder and general offers and listing at the end of this month.
The Notes will pay a semi-annual distribution fixed for the first 5 years at a minimum of 8.60% pa. Indicative range of 8.40%-8.90% pa (5.0%-5.50% over the 5 year bank bill swap rate (BBSW), 3.40% as of 5th June.
The Notes are a perpetual security and if not
