National Australia Bank has today launched an Additional Tier 1 Capital security, NAB Capital Notes 8. NAB said in an ASX statement that it was expecting to raise $750 million.
The offer comprises both a Broker Firm Offer to eligible investors and an Institutional Offer.
As a result of the Design...
Suncorp Group has announced the launch of an offer of Capital Notes 5 to raise approximately $300 million and at the same time revealed it had filed warning notices with the Australian Prudential Regulation Authority over stress-testing requirements.
Capital Notes 5 are being issued as part of Suncorp's ongoing funding...
Insurance Australia Group this week announced the offer of Capital Notes 3, seeking to raise A$300 million. The offer is part of IAG's capital management strategy and the proceeds will be used for general corporate purposes.
IAG Capital Notes 3 are perpetual, convertible, subordinated unsecured notes, issued by IAG.
On Wednesday,...
ANZ Bank has today launched its Additional Tier 1 capital security offer, ANZ Capital Notes 9, seeking to raise around $1 billion.
At the same time, ANZ also announced that it will redeem ANZ Capital Notes 4 on 20 March 2024. Eligible Capital Notes 4 holders may apply to reinvest...
Westpac has announced its completed bookbuild for its Westpac Capital Notes 10 offer has raised $1.75 billion.
The margin was set at 3.10% per annum which was at the lower end of the marketing range of 310 basis points to 330 basis points it gave on announcing the offer.
Strong demand...
Westpac has today announced to the market the launch of its hybrid Capital Notes AT1 offer where it is seeking to raise around $750 million in additional tier-one capital.
The bank said its offer includes a reinvestment offer for eligible Westpac Capital Notes 6 holders.
Westpac said the margin will be...
Judo Bank has launched its inaugural capital notes offer to raise approximately $75 million.
The offer has been issued by Judo Capital Holdings Limited (ASX:JDO) to raise additional Tier 1 capital for the bank as part of its plan to develop and diversify its funding and capital sources.
Judo is a...
The Commonwealth Bank of Australia has announced a new Tier 1 hybrid security, CommBank PERLS XVI Capital Notes.
The offer is expected to raise $750 million but could be more or less than that figure. PERLS XVI are expected to commence trading on 13 June, 2023 under the ASX code...
