DirectBonds Indicative Fixed Rate Senior Bonds Thursday, 19 July 2018

Transcription

1 DirectBonds Indicative Fixed Rate Senior Bonds * * Sydney Airport Finance Australian Gas Networks Sydney Airport Finance Cash Converters International Ltd Downer Group Finance Pty Ltd ^ Mackay Sugar Limited ^ Apple Inc PMP Finance Pty Limited ^ Glencore Australia Holdings Pty Ltd DBNGP Finance Corporation Pty Ltd ^ Alumina Ltd ^ Westpac Banking Corporation Qantas Airways Limited ^ Lend Lease Finance Ltd Adani Abbot Point Terminal Pty Ltd ^ Liberty Financial Pty Ltd IMF Bentham Telstra Corp. Ltd ^ APT Pipelines AU300SAFC041 AU300ENL0039 AU3AB AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU000WBCHAM4 AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB CIB 3.76% Quarterly 20/11/2020 BBB+ $14, % 3.62% $14,631 $92 $14,723 CIB 3.04% Quarterly 20/08/2025 AA $13, % 2.84% $14,598 $72 $14,670 CIB 3.12% Quarterly 20/11/2030 BBB+ $13, % 2.97% $13,878 $71 $13,949 Fixed 7.95% SemiAnnual 19/09/2018 NR $10, % 7.93% $10,020 $272 $10,292 Fixed 5.75% SemiAnnual 29/11/2018 BBB $10, % 5.70% $10,079 $86 $10,165 Fixed 7.75% Quarterly 05/04/2019 NR $10, % 13.72% $5,650 $39 $5,689 Fixed 2.85% SemiAnnual 28/08/2019 AA+ $10, % 2.83% $10,085 $114 $10,199 Fixed 6.43% SemiAnnual 17/09/2019 NR $10, % 6.38% $10,080 $224 $10,304 Fixed 4.50% SemiAnnual 19/09/2019 BBB+ $10, % 4.41% $10,215 $154 $10,369 Fixed 6.00% SemiAnnual 11/10/2019 BBB $10, % 5.87% $10,213 $169 $10,382 Fixed 5.50% SemiAnnual 19/11/2019 BBB- $10, % 5.40% $10,180 $98 $10,278 Fixed 7.25% SemiAnnual 11/02/2020 AA- $100, % 6.74% $107,544 $3,244 $110,788 Fixed 6.50% SemiAnnual 27/04/2020 BBB- $10, % 6.12% $10,620 $155 $10,775 Fixed 6.00% SemiAnnual 13/05/2020 BBB- $10, % 5.72% $10,495 $116 $10,611 Fixed 7.10% SemiAnnual 29/05/2020 BBB- $10, % 6.85% $10,360 $106 $10,466 Fixed 5.10% SemiAnnual 01/06/2020 BBB- $10, % 5.01% $10,170 $72 $10,243 Fixed 7.40% SemiAnnual 30/06/2020 NR $10, % 7.10% $10,420 $46 $10,466 Fixed 7.75% SemiAnnual 15/07/2020 A- $50, % 7.06% $54,871 $84 $54,955 Fixed 7.75% SemiAnnual 22/07/2020 BBB $100, % 7.12% $108,908 $22 $108,930

2 DirectBonds Indicative Fixed Rate Senior Bonds * * ^ QPH Finance Co Pty Ltd ^ FBG Treasury Australia Pty Ltd Aviation Training Investments Pty Ltd Stockland Trust NRW Holdings Ltd ^ Global Switch Property Impact Group Aus Pty Ltd ^ Liberty Financial Pty Ltd Qantas Airways Limited SCT Logistics W A Stockwell RSEA Finance Pty Ltd ^ Sun Group Finance Pty Ltd ^ Downer Group Finance Pty Ltd Qantas Airways Limited ^ NextDC Ltd Praeco Pty Ltd ^ Apple Inc ^ Lucas Total Contract Solutions AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU3FN AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB Fixed 5.75% SemiAnnual 29/07/2020 BBB $10, % 5.43% $10,597 -$11 $10,586 Fixed 3.75% SemiAnnual 07/08/2020 A- $10, % 3.68% $10,184 $172 $10,356 Fixed 7.50% SemiAnnual 13/11/2020 NR $10, % 7.28% $10,300 $145 $10,445 Fixed 8.25% SemiAnnual 25/11/2020 A- $10, % 7.37% $11,190 $132 $11,323 Fixed 7.50% Quarterly 19/12/2020 NR $10, % 7.29% $10,290 $69 $10,359 Fixed 6.25% SemiAnnual 23/12/2020 BBB $10, % 5.86% $10,660 $51 $10,712 Fixed 8.50% Quarterly 12/02/2021 NR $10, % 8.24% $10,315 $168 $10,483 Fixed 5.10% SemiAnnual 09/04/2021 BBB- $10, % 5.04% $10,125 $146 $10,271 Fixed 7.50% SemiAnnual 11/06/2021 BBB- $10, % 6.67% $11,250 $86 $11,336 Fixed 7.65% SemiAnnual 24/06/2021 NR $10, % 7.22% $10,590 $61 $10,651 Fixed 7.75% Quarterly 29/06/2021 NR $10, % 7.54% $10,275 $52 $10,327 Fixed 7.75% Quarterly 27/10/2021 NR $10, % 7.58% $10,230 -$9 $10,221 Fixed 4.90% SemiAnnual 08/12/2021 BBB $10, % 4.65% $10,530 $60 $10,590 Fixed 4.50% SemiAnnual 11/03/2022 BBB $10, % 4.36% $10,325 $164 $10,489 Fixed 7.75% SemiAnnual 19/05/2022 BBB- $10, % 6.68% $11,605 $137 $11,742 Fixed 6.00% SemiAnnual 09/06/2022 NR $50, % 5.90% $50,825 $62 $50,887 Fixed 7.13% Quarterly 28/07/ /07/2022 BBB $10, % 6.70% $10,645 -$10 $10,635 Fixed 3.70% SemiAnnual 28/08/2022 AA+ $10, % 3.54% $10,450 $148 $10,598 Fixed 8.00% Quarterly 29/09/2022 NR $10, % 7.82% $10,225 $53 $10,278

3 DirectBonds Indicative Fixed Rate Senior Bonds * * ^ Elanor Investors Limited ^ Merredin Energy Pty Ltd ^ QMS Media Ltd ^ Stockland Trust ^ Virgin Australia Holding ^ Rabobank Netherlands AU ^ Aurizon Network Pty Ltd ^ Aroundtown SA ^ Asciano Finance Ltd ^ Qantas Airways Limited ^ GPT Wholesale Office Fund No 1 ^ Asciano Finance Ltd ^ QNB Finance Ltd ^ Emirates NBD Bank PJSC Praeco Pty Ltd JEM CCV ^ MPC Funding Ltd Plenary Health Finance Australian National University AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU3CB AU300ABN2031 AU000JCCV015 AU300MPCF026 AU300PHFL019 AU300ANUU019 Fixed 7.10% SemiAnnual 17/10/2022 NR $10, % 6.92% $10,255 $189 $10,444 Fixed 7.50% Quarterly 15/11/2022 NR $50, % 7.31% $51,275 $709 $51,984 Fixed 7.00% SemiAnnual 21/11/2022 NR $10, % 6.73% $10,400 $120 $10,520 Fixed 4.50% SemiAnnual 23/11/2022 A- $10, % 4.25% $10,595 $75 $10,670 Fixed 8.25% SemiAnnual 30/05/2023 B- $10, % 7.96% $10,365 $121 $10,486 Fixed 5.50% SemiAnnual 11/04/2024 A+ $10, % 4.92% $11,187 $155 $11,342 Fixed 4.00% SemiAnnual 21/03/ /06/2024 BBB+ $10, % 3.93% $10,175 $35 $10,210 Fixed 4.50% SemiAnnual 14/05/2025 BBB+ $10, % 4.42% $10,185 $86 $10,271 Fixed 5.25% SemiAnnual 19/05/2025 BBB- $10, % 4.93% $10,640 $93 $10,733 Fixed 4.75% SemiAnnual 12/10/2026 BBB- $10, % 4.47% $10,625 $132 $10,757 Fixed 4.52% SemiAnnual 22/11/ /02/2027 A- $10, % 4.36% $10,362 $189 $10,550 Fixed 5.40% SemiAnnual 12/05/2027 BBB- $10, % 5.09% $10,610 $106 $10,716 Fixed 4.90% SemiAnnual 01/02/2028 A $10, % 4.67% $10,490 $233 $10,723 Fixed 4.75% SemiAnnual 09/02/2028 A- $10, % 4.54% $10,470 $215 $10,685 IAB Annuity Quarterly 15/08/2020 BBB+ $2, % 3.38% $531 $531 IAB Annuity Quarterly 15/06/2022 AA- $2, % 5.49% $942 $942 IAB Annuity Quarterly 31/12/2025 AA $2, % 3.76% $1,318 $1,318 IAB Annuity Quarterly 15/09/2029 A $2, % 4.86% $1,875 $1,875 IAB Annuity Quarterly 07/10/2029 AA+ $2, % 3.81% $1,711 $1,711

4 DirectBonds Indicative Fixed Rate Senior Bonds * * Plenary Justice SA Pty JEM NSW Schools II Civic Nexus Finance Pty Ltd Novacare ^ MPC Funding Ltd JEM (Southbank) Pty Ltd JEM NSW Schools II AU300PLJP014 AU300JEMF017 AU000CNFL011 AU300NCRE023 AU300MPCF018 AU300JEME010 AU300JEMF025 IAB Annuity Quarterly 15/06/2030 A $2, % 4.17% $1,799 $1,799 IAB Annuity Quarterly 28/02/2031 A+ $2, % 3.70% $1,768 $1,768 IAB Annuity Quarterly 15/09/2032 A+ $2, % 4.67% $2,115 $2,115 IAB Annuity Quarterly 15/04/2033 A+ $2, % 3.93% $1,927 $1,927 IAB Annuity Quarterly 31/12/2033 AA $10, % 3.88% $9,563 $9,563 IAB Annuity Quarterly 28/06/2035 A- $2, % 4.26% $2,118 $2,118 IAB Annuity Quarterly 28/11/2035 A+ $2, % 3.73% $2,048 $2,048 *Current Face Value on CIB bonds represents the Inflation Adjusted Face Value. *Current Face Value on IAB bonds represents the Notional Face Value. **Yield for Floating Rate Notes is the swap rate to Maturity/Call plus the trading margin. **Yield for CIB and IAB equals Real Yield plus a current inflation assumption of 2.5%. ***CIB and IAB running yield quoted is a commencing value, given current indexation, but will accrete up with inflation. ^Must be a wholesale client to purchase these bonds. The beneficial ownership of the client's securities remains with the client, and are the client's assets, at all times. This report and the yields and prices of the securities are provided by FIIG based upon available yields and prices sourced from leading market makers and data services as well as any available market information and feedback when market volume and turnover is low or not transparent as at the reporting date. Yields and prices are indicative only and there is no guarantee as to their accuracy. The yields and prices for the securities are an estimate based on the information available to FIIG as at the reporting date and do not necessarily represent the market price or a price at which FIIG or any other party will buy or sell the securities and may change without notice. If no yield or price is provided for any security, this is because there is insufficient information available to FIIG to provide a yield or price for the security The yields and prices will be impacted by transaction size, the issuer's financial circumstances, market and economic conditions and the supply and demand dynamics prevailing at the time the client's securities are bought and sold, amongst other things. The historical yield, price or performance of the securities is no guarantee of their future performance The yields and prices are not an offer by FIIG to buy or sell the securities. Should the client wish to sell their securities prior to maturity, FIIG will use its best endeavours to assist the client to sell those securities. However, FIIG does not make a market in the securities

5 DirectBonds Indicative Fixed Rate Callable Bonds * * ^ Cooperatieve Rabobank UA ^ Eric Insurance Ltd ^ National Australia Bank Ltd AU3CB AU3CB AU3CB Fixed 5.00% SemiAnnual 02/07/ /07/2025 BBB+ $10, % 4.84% $10,325 $28 $10,354 Fixed 10.00% SemiAnnual 04/08/ /08/2026 NR $10, % 14.39% $6,950 $467 $7,417 Fixed 4.00% SemiAnnual 21/09/ /09/2026 BBB $10, % 3.94% $10,157 $135 $10,292 *Current Face Value on CIB bonds represents the Inflation Adjusted Face Value. *Current Face Value on IAB bonds represents the Notional Face Value. **Yield for Floating Rate Notes is the swap rate to Maturity/Call plus the trading margin. **Yield for CIB and IAB equals Real Yield plus a current inflation assumption of 2.5%. ***CIB and IAB running yield quoted is a commencing value, given current indexation, but will accrete up with inflation. ^Must be a wholesale client to purchase these bonds. The beneficial ownership of the client's securities remains with the client, and are the client's assets, at all times. This report and the yields and prices of the securities are provided by FIIG based upon available yields and prices sourced from leading market makers and data services as well as any available market information and feedback when market volume and turnover is low or not transparent as at the reporting date. Yields and prices are indicative only and there is no guarantee as to their accuracy. The yields and prices for the securities are an estimate based on the information available to FIIG as at the reporting date and do not necessarily represent the market price or a price at which FIIG or any other party will buy or sell the securities and may change without notice. If no yield or price is provided for any security, this is because there is insufficient information available to FIIG to provide a yield or price for the security The yields and prices will be impacted by transaction size, the issuer's financial circumstances, market and economic conditions and the supply and demand dynamics prevailing at the time the client's securities are bought and sold, amongst other things. The historical yield, price or performance of the securities is no guarantee of their future performance The yields and prices are not an offer by FIIG to buy or sell the securities. Should the client wish to sell their securities prior to maturity, FIIG will use its best endeavours to assist the client to sell those securities. However, FIIG does not make a market in the securities

6 DirectBonds Indicative Floating Rate Senior Bonds ISSUE MARGIN * * SCT Logistics ^ Apple Inc Dicker Data Limited JEM (Southbank) Pty Ltd CML Group Limited DBCT Finance Pty Ltd (Dalrymple Bay) ^ Pioneer Credit Ltd ^ Seek Ltd ^ NextDC Ltd ^ Bendigo and Adelaide Bank Ltd ^ Newcastle Permanent Building Society Ltd ^ Network Finance Co. Pty Ltd ^ Sun Group Finance Pty Ltd DBCT Finance Pty Ltd (Dalrymple Bay) ^ Asciano Finance Ltd AU3FN AU3FN AU3FN AU300JEME028 AU3FN AU300BBIF034 AU3FN AU3FN AU3FN AU3FN AU3FN AU3FN AU3FN AU300BBIF042 AU3FN Floating 4.40% Quarterly 24/06/2019 NR $10, % 6.42% $10,145 $50 $10,195 Floating 0.65% Quarterly 28/08/2019 AA+ $10, % 2.57% $10,068 $40 $10,108 Floating 4.40% Quarterly 26/03/2020 NR $10, % 6.35% $10,260 $48 $10,308 Floating 1.50% SemiAnnual 28/06/2020 BBB+ $10, % 3.71% $10,020 $25 $10,046 Floating 5.40% Monthly 18/05/ /05/2021 NR $10, % 7.01% $10,455 $10 $10,465 Floating 0.30% Quarterly 09/06/2021 BBB $10, % 2.48% $9,500 $27 $9,527 Floating 5.25% Quarterly 22/03/2022 NR $10, % 7.17% $10,260 $63 $10,323 Floating 2.30% Quarterly 28/04/2022 NR $10, % 4.23% $10,238 -$8 $10,230 Floating 3.75% Quarterly 09/06/2022 NR $50, % 5.67% $50,825 $47 $50,873 Floating 1.05% Quarterly 25/01/2023 BBB+ $10, % 3.10% $10,010 -$2 $10,008 Floating 1.40% Quarterly 06/02/2023 BBB $10, % 3.40% $10,000 $72 $10,072 Floating 1.23% Quarterly 06/12/2024 BBB+ $10, % 3.24% $10,215 $18 $10,233 Floating 2.05% Quarterly 16/12/2024 BBB $10, % 3.94% $10,430 $39 $10,469 Floating 0.37% Quarterly 09/06/2026 BBB $10, % 3.06% $7,941 $27 $7,969 Floating 2.60% Quarterly 12/05/2027 BBB- $10, % 4.23% $10,680 $87 $10,767 *Current Face Value on CIB bonds represents the Inflation Adjusted Face Value. *Current Face Value on IAB bonds represents the Notional Face Value. **Yield for Floating Rate Notes is the swap rate to Maturity/Call plus the trading margin. **Yield for CIB and IAB equals Real Yield plus a current inflation assumption of 2.5%.

7 DirectBonds Indicative Floating Rate Senior Bonds ISSUE MARGIN * * ***CIB and IAB running yield quoted is a commencing value, given current indexation, but will accrete up with inflation. ^Must be a wholesale client to purchase these bonds. The beneficial ownership of the client's securities remains with the client, and are the client's assets, at all times. This report and the yields and prices of the securities are provided by FIIG based upon available yields and prices sourced from leading market makers and data services as well as any available market information and feedback when market volume and turnover is low or not transparent as at the reporting date. Yields and prices are indicative only and there is no guarantee as to their accuracy. The yields and prices for the securities are an estimate based on the information available to FIIG as at the reporting date and do not necessarily represent the market price or a price at which FIIG or any other party will buy or sell the securities and may change without notice. If no yield or price is provided for any security, this is because there is insufficient information available to FIIG to provide a yield or price for the security The yields and prices will be impacted by transaction size, the issuer's financial circumstances, market and economic conditions and the supply and demand dynamics prevailing at the time the client's securities are bought and sold, amongst other things. The historical yield, price or performance of the securities is no guarantee of their future performance The yields and prices are not an offer by FIIG to buy or sell the securities. Should the client wish to sell their securities prior to maturity, FIIG will use its best endeavours to assist the client to sell those securities. However, FIIG does not make a market in the securities

8 DirectBonds Indicative Floating Rate Callable Bonds ISSUE MARGIN * * ^ Bendigo and Adelaide Bank Ltd ^ Westpac Banking Corporation ^ Insurance Australia Ltd ^ Australia and New Zealand Banking Group Ltd Members Equity Bank Pty Ltd ^ National Australia Bank Ltd Moneytech Finance Pty Ltd ^ Heritage Bank Ltd ^ Rabobank Netherlands AU ^ Genworth Financial Mortgage ^ MyState Bank Ltd ^ AAI Ltd ^ Westpac Banking Corporation ^ Bank of Queensland Ltd Australia and New Zealand Banking Group Ltd ^ National Australia Bank Ltd Bendigo and Adelaide Bank Ltd ^ Teachers Mutual Bank Ltd ^ AAI Ltd AU3FN AU000WBCHBD1 AU3FN AU3FN AU3FN AU3FN AU3FN AU3FN AU3FN AU3FN AU3FN AU3FN AU3FN AU3FN AU3FN AU3FN AU3FN AU3FN AU3FN Floating 2.80% Quarterly 29/01/ /01/2024 BBB- $10, % 4.79% $10,084 -$9 $10,075 Floating 2.05% Quarterly 14/03/ /03/2024 BBB $100, % 4.08% $100,886 $440 $101,326 Floating 2.80% Quarterly 19/03/ /03/2040 A- $10, % 4.80% $10,124 $45 $10,169 Floating 1.93% Quarterly 25/06/ /06/2024 BBB $10, % 3.99% $10,117 $31 $10,148 Floating 2.70% Quarterly 29/08/ /08/2024 BB+ $10, % 4.58% $10,144 $70 $10,214 Floating 1.85% Quarterly 26/03/ /03/2025 BBB $10, % 3.91% $10,138 $29 $10,167 Floating 4.65% Quarterly 17/04/ /04/2022 NR $10, % 6.48% $10,285 $11 $10,296 Floating 3.50% Quarterly 24/06/ /06/2025 BBB- $10, % 5.46% $10,278 $43 $10,321 Floating 2.50% Quarterly 02/07/ /07/2025 BBB+ $10, % 4.48% $10,278 $27 $10,305 Floating 3.50% Quarterly 03/07/ /07/2025 A- $10, % 5.39% $10,365 $31 $10,395 Floating 5.00% Quarterly 14/08/ /08/2025 BBB- $10, % 6.54% $10,579 $133 $10,712 Floating 3.30% Quarterly 18/11/ /11/2040 BBB+ $10, % 4.99% $10,493 $95 $10,588 Floating 3.10% Quarterly 10/03/ /03/2026 BBB $100, % 4.90% $105,169 $579 $105,748 Floating 3.40% Quarterly 10/05/ /05/2026 BBB- $10, % 5.05% $10,574 $108 $10,683 Floating 2.70% Quarterly 17/05/ /05/2026 BBB $10, % 4.43% $10,434 $85 $10,519 Floating 2.40% Quarterly 21/09/ /09/2026 BBB $10, % 4.35% $10,391 $40 $10,431 Floating 2.80% Quarterly 09/12/ /12/2026 BBB- $10, % 4.63% $10,478 $54 $10,532 Floating 2.80% Quarterly 07/09/ /09/2027 BBB- $10, % 4.73% $10,263 $61 $10,324 Floating 3.20% Quarterly 06/10/ /10/2042 BBB+ $10, % 4.91% $10,702 $24 $10,727

9 DirectBonds Indicative Floating Rate Callable Bonds ISSUE MARGIN * * ^ Challenger Life Company Limited ^ DBS Group Holdings Ltd ^ Insurance Australia Group Ltd AU3FN AU3FN AU3FN Floating 2.10% Quarterly 24/11/ /11/2042 BBB $10, % 3.95% $10,238 $66 $10,304 Floating 1.58% Quarterly 16/03/ /03/2028 A- $10, % 3.59% $10,133 $35 $10,168 Floating 2.10% Quarterly 15/06/ /06/2044 BBB $10, % 4.04% $10,299 $43 $10,342 *Current Face Value on CIB bonds represents the Inflation Adjusted Face Value. *Current Face Value on IAB bonds represents the Notional Face Value. **Yield for Floating Rate Notes is the swap rate to Maturity/Call plus the trading margin. **Yield for CIB and IAB equals Real Yield plus a current inflation assumption of 2.5%. ***CIB and IAB running yield quoted is a commencing value, given current indexation, but will accrete up with inflation. ^Must be a wholesale client to purchase these bonds. The beneficial ownership of the client's securities remains with the client, and are the client's assets, at all times. This report and the yields and prices of the securities are provided by FIIG based upon available yields and prices sourced from leading market makers and data services as well as any available market information and feedback when market volume and turnover is low or not transparent as at the reporting date. Yields and prices are indicative only and there is no guarantee as to their accuracy. The yields and prices for the securities are an estimate based on the information available to FIIG as at the reporting date and do not necessarily represent the market price or a price at which FIIG or any other party will buy or sell the securities and may change without notice. If no yield or price is provided for any security, this is because there is insufficient information available to FIIG to provide a yield or price for the security The yields and prices will be impacted by transaction size, the issuer's financial circumstances, market and economic conditions and the supply and demand dynamics prevailing at the time the client's securities are bought and sold, amongst other things. The historical yield, price or performance of the securities is no guarantee of their future performance The yields and prices are not an offer by FIIG to buy or sell the securities. Should the client wish to sell their securities prior to maturity, FIIG will use its best endeavours to assist the client to sell those securities. However, FIIG does not make a market in the securities