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Hybrids

Westpac Hybrid Bookbuild Raises $1.75 Billion

Brenton Gibbs

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...

Hybrids

BOQ Capital Notes 3 Closes & Redeems Members Equity

Brenton Gibbs

Bank of Queensland has closed its BOQ Capital Notes 3 offer raising $400 million through the issue of four million Capital Notes 3 for...

Hybrids

Bank Hybrid Securities Days Are Numbered

Brenton Gibbs

The Australian Prudential Regulation Authority has put bank hybrid securities on notice with the release of a discussion paper proposing changes to the capital...

Hybrids

New Hybrid: NAB Capital Notes 8 Launched

Brenton Gibbs

National Australia Bank has today launched an Additional Tier 1 Capital security, NAB Capital Notes 8. NAB said in an ASX statement that it...

Hybrids

Westpac Launches A New Hybrid – Westpac Capital Notes 7

Staff Writer

Today, Westpac launched a new Tier 1 hybrid, raising funds to repay the WBCPF due for first optional call in March 2021. Westpac is the...

Hybrids

CBA Launches CommBank PERLS XVI Capital Notes

Brenton Gibbs

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...

Hybrids

Challenger Converts Outstanding Capital Notes

Brenton Gibbs

Challenger Ltd has converted 277,380 outstanding Challenger Capital Notes ASX:CGFPA (CCN1) into Challenger ordinary shares in what is a rare event in Australian capital...