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National Australia Bank has just announced the launch of a new income offer: NAB Convertible Preference Shares (CPS) II.The first round of access is through a broker firm allocation, prior to shareholder offer and listing in December. The Notes will pay a quarterly coupon of 3.25%-3.4%pa (rate determined by the bookbuild) over the 90 day bank bill swap rate (BBSW), which was 2.59% as of 13th November, with an initial indicative rate of 5.84%-5.99%pa. (The first pricing is due to be set on date
Westpac Bank has just announced the launch of a new income offer: Westpac Subordinated Notes II.The first round of access is through a broker firm allocation, prior to shareholder offer and listing in August.
The Notes will pay a quarterly coupon of 2.30%-2.45% (rate determined by the bookbuild) over the 90 day bank bill swap rate (BBSW), which was 2.76% as of 12th July, with an initial indicative rate of 5.06%-5.21%pa. (The first pricing is due to be set on date of issue) The Notes are
ANZ Bank has just announced the launch of a new income offer: ANZ Capital Notes.The first round of access is through a broker firm allocation, prior to shareholder offer and listing in August.
The Notes will pay a semi annual coupon of 3.4%-3.6% (rate determined by the bookbuild) over the 180 day bank bill swap rate (BBSW), which was 2.82% as of 2nd July, with an initial indicative rate of 6.22%-6.42%pa. (The first pricing is due to be set on date of issue) The Notes are expected to redeem on
