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Past IPO offers

Details of previous offers available to nabtrade clients can be found below, including an investment snapshot and indication of price change since issue.

Gryphon Capital Income Trust

GCI:ASX Issue price: $2

Offer size: $350 million

The Trust seeks to provide Unitholders with monthly income and capital preservation by investing in a portfolio of Australian asset backed securities (ABS) including residential mortgage backed securities (RMBS).

eInvest Income Generator Fund

EIGA:ASX Issue price: $4

Offer size: $500 million

The objective of the Fund is to provide investors with an attractive level of tax effective income, paid via monthly distributions. The Fund aims to provide a gross yield, adjusted for applicable franking credits, above that provided by the S&P/ASX 300 Franking Credit Adjusted Daily Total Return Index (Tax-Exempt).

L1 Long Short Fund Limited

LSF:ASX Issue price: $2

Offer size: $500 million

The Offer aims to provide investors with access to a Portfolio that will be predominantly comprised of Long and Short Positions in Australian & NZ Securities; can comprise Global Securities of up to 30% of the Portfolio’s gross exposure; aims to deliver strong, positive, risk-adjusted returns over the long term (being a period of more than 5 years); and will be seeking to preserve capital.

CommBank PERLS X Capital Notes

CBAPG:ASX Issue price: $100

Offer size: $1.25 billion

CommBank PERLS X Capital Notes, also referred to as PERLS X, are perpetual, subordinated, unsecured notes, issued by CBA.

Westpac Capital Notes 5

WBCPH:ASX Issue price: $100

Offer size: $1.69 billion

Westpac Capital Notes 5 are fully paid, non-cumulative, convertible, transferable, redeemable, subordinated, perpetual, unsecured notes issued by Westpac.

Montgomery Global Equities Fund

MOGL:ASX Issue price: $3.34

Offer size: $54.9 million

The Fund aims to provide investors with long term capital growth as well as income distributions of at least 4.5% p.a. through a portfolio of quality global shares and to outperform the MSCI World Net Total Return Index, in Australian Dollars over a rolling 5-year period, net of fees.

Bank of Queensland Capital Notes

BOQPE:ASX Issue price: $100

Offer size: $350 million

Capital Notes are fully paid, unsecured, non-cumulative, perpetual, convertible notes which will pay, subject to the issue terms and BOQ’s discretion, preferred floating rate quarterly distributions which are expected to be fully franked. Capital Notes will qualify as Additional Tier 1 Capital of BOQ under APRA’s Prudential Capital Requirements.

Suncorp Capital Notes 2

SUNPG:ASX Issue price: $100

Offer size: $375 million

Capital Notes 2 are perpetual, convertible, subordinated, unsecured notes to be issued by Suncorp. Capital Notes 2 are scheduled to pay discretionary quarterly Distributions which are expected to be fully franked. Suncorp has applied for Capital Notes 2 to be quoted on ASX.

Bendigo & Adelaide Bank Converting Preference Shares 4

BENPG:ASX Issue price: $100

Offer size: $322 million

CPS4 are fully paid converting preference shares in the capital of Bendigo and Adelaide Bank. They are issued, and may be Redeemed, Converted or Resold, by Bendigo and Adelaide Bank, according to the CPS4 Terms in Appendix A of the Prospectus.

Magellan Global Trust

MGG:ASX Issue price: $1.50

Offer size: $1.55 billion

The Magellan Global Trust offers investors the opportunity to invest in a specialised and focused global equity fund that aims to deliver investors a Target Cash Distribution yield of 4% per annum.

VGI Partners Global Investments

VG1:ASX Issue price: $2

Offer size: $550 million

VGI Partners Global Investments Limited has been recently incorporated and it has been established to provide actively managed Long and Short Positions of global listed securities and the investment expertise of the Manager.

Suncorp Group Capital Notes

SUNPF:ASX Issue price: $100

Offer size: $300 million

Capital Notes are perpetual, convertible, subordinated, unsecured notes to be issued by Suncorp. Capital Notes are scheduled to pay discretionary quarterly Distributions which are expected to be fully franked.

Morphic Ethical Equities Fund

MEC:ASX Issue price: $1.10

Offer size: $826 million

Morphic Ethical Equities Fund will hold an ethically screened portfolio predominantly comprised of global Securities and Derivatives.

Challenger Capital Notes 2

CGFPB:ASX Issue price: $100

Offer size: $460 million

Challenger Capital Notes 2 (Notes) are perpetual, subordinated, unsecured, convertible notes issued by Challenger Limited on 7 April 2017.

CommBank PERLS IX Capital Notes

CBAPF:ASX Issue price: $100

Offer size: $1.64 billion

CommBank PERLS IX Capital Notes, also referred to as PERLS IX, are perpetual, subordinated, unsecured notes, issued by CBA through its New Zealand branch.

NAB Subordinated Notes 2

NABPE:ASX Issue price: $100

Offer size: $943.2 million

NAB Subordinated Notes 2 will pay non-discretionary, cumulative interest, quarterly in arrears. The interest rate is a floating rate equal to the sum of the 3 month Bank Bill Rate, plus a fixed margin of 2.20% per annum.

IAG Capital Notes

IAGPD:ASX Issue price: $100

Offer size: $404.10 million

The Capital Notes are scheduled to pay quarterly, floating rate, discretionary distributions which are expected to be fully franked. The Capital Notes have an Optional Exchange Date on 15 June 2023 and, subject to certain conditions, will Mandatorily Convert into IAG ordinary shares on 16 June 2025.

Charter Hall Long WALE REIT

CLW:ASX Issue price: $4

Offer size: $826 million

Charter Hall Long WALE REIT is an Australian Real Estate Investment Trust listed on the ASX and invests in high quality Australasian real estate assets that are predominantly leased to corporate and government tenants on long term leases.

Qube Subordinated Notes

QUBHA:ASX Issue price: $100

Offer size: $300 million

Qube Subordinated Notes are subordinated notes with a Maturity Date seven years after the Issue Date (5 October 2023). Holders will be entitled to receive quarterly interest payments at a rate equal to the Bank Bill Rate plus the Margin.

Broo

BEE:ASX Issue price: $0.20

Issue Size: $10.5 million

Broo is currently focused on the production, marketing and sale of two beer products. The Company’s Broo Premium Lager brand was launched in September 2009, while the Company’s subsidiary, Australia Draught Pty Ltd (Australia Draught) launched the Australia Draught Beer brand in 2014 as a pilot product under a limited retail release.

Powerhouse Ventures

PVL:ASX Issue price: $1.07

Issue Size: $10 million

Powerhouse works with research-intensive organisations (such as universities and Crown Research Institutes) to identify valuable intellectual property, then commercialise this through start-up companies in which Powerhouse invests.

Antipodes Global Investment Company

APL:ASX Issue price: $1.10

Issue Size: $313 million

Antipodes Global Investment Company Limited offers investors access to a long-short global securities investment portfolio with a currency overlay.

Viva Energy REIT

VVR:ASX Issue price: $2.20

Issue Size: $911 million

Viva Energy REIT’s investment objective is to own a portfolio of high quality and strategically located service station sites throughout Australia, subject to long-term leases to tenants with strong financial credit profiles.

NAB Capital Notes 2

NABPD:ASX Issue price: $100

Distribution rate: BBSW + 4.95%

Offer size: $1.35 billion

NAB Capital Notes 2 are expected to pay a discretionary, quarterly, floating rate, non-cumulative Distribution. The Distribution Rate is equal to the sum of the Bank Bill Rate and a Margin of 4.95%, a sum adjusted for NAB’s Tax Rate to reflect franking credits attached to each Distribution (subject to availability). Distributions are expected to be fully franked.

Westpac Capital Notes 4

WBCPG:ASX Issue price: $100

Distribution: BBSW + 4.90%

Offer size: $1.45 billion

Westpac Capital Notes 4 are fully paid, non-cumulative, convertible, transferrable, redeemable, subordinated, perpetual, unsecured notes issued by Westpac Banking Corporation at an Issue Price of $100 per Note.

Peet Bonds Series 1 Tranche 1

PPCHA:ASX Issue price: $100

Offer size: $100 million

Peet Limited acquires, develops and markets quality residential land estates and haas been part of the community for 120 years.

China Dairy Company

CDC:ASX Issue price: $0.20

Offer size: Up to $20 million

CDC is primarily engaged in the production and wholesale of raw milk and the rearing, breeding and sale of dairy cows in Heilongjiang province, China.

Macquarie Capital Notes

MQGPB:ASX Issue price: $100

Offer size: $500 million

Macquarie Capital Notes 2 are fully paid, subordinated, non-cumulative, unsecured and not guaranteed. MCN2 are mandatorily convertible, perpetual and automatically convertible. The notes are scheduled to pay non-cumulative, floating rate cash distributions commencing on 17 March 2016, thereafter semi-annually, in arrears until all MCN2 are Exchanged, Redeemed or Written-Off.

Series B Australian Unity Bonds - Tranche 1

AYUHB:ASX Issue price: $100

Offer size: $230 million

Series B Australian Unity Bonds - Tranche 1 Bonds are interest paying, unsubordinated and unsecured debt obligations due to be redeemed on 15 December 2020 (unless redeemed early). The Interest Rate a floating rate is the sum of the 90 day Bank Bill Swap Rate plus the Margin of 2.80%p.a. that was determined under the Bookbuild. Each Bond is issued on and subject to the provisions of the Trust Deed and the Terms. Bonds are being offered under the simple corporate bond regime.

AMP Capital Notes

AMPPA:ASX Issue price: $100

Offer size: $230 million

AMP Capital Notes are are perpetual, convertible, subordinated and unsecured notes to be issued by AMP. The Margin is 5.10% per annum and was determined through the Bookbuild. Distributions are discretionary, non-cumulative, floating rate payments and are scheduled to be paid quarterly in arrears on each distribution date.

Mainstream BPO

MAI:ASX Issue price: $0.40

Offer size: Up to $10 million

MainstreamBPO Ltd is one of the largest independent fund administrators in Australia, providing administrative services to the wealth management sector of the financial services industry.

Westpac Capital Notes 3

WBCPF:ASX Issue price: $100

Offer size: Up to $1.25 billion

Westpac Capital Notes 3 are fully paid, non-cumulative, convertible, transferable, redeemable, subordinated, perpetual, unsecured notes issued by Westpac. The Margin determined under the Bookbuild was 4% per annum. Westpac Capital Notes 3 are not bank deposits.

Traditional Therapy Clinic

TTC:ASX Issue price: $0.50

Offer size: $15 million

Traditional Therapy Clinic operates in the therapeutic massage industry in China, which is a very fragmented market that provides considerable opportunity for growth and brand consolidation. 

Dongfang Modern Agriculture

DFM:ASX Issue price: $1.00

Offer size: Up to $50 million

Dongfang Modern Agriculture cultivates and sells tangerines, navel oranges, pomelos and camellia fruits located in the Ganzhou City, Jiangxi Province in PRC.

Pureprofile

PPL:ASX Issue price: $0.50

Offer size: $12.1 million

Pureprofile is a profile marketing and insights technology company. Pureprofile provides a platform, which enables consumers to create and manage their online Profiles - and rewards them for doing so.

Bendigo and Adelaide Bank Convertible Preference Shares 3

BENPF:ASX Issue price: $100

Offer size: $225 million

CPS3 are fully paid convertible preference shares to be issued by Bendigo and Adelaide Bank.  CPS3 will be eligible Additional Tier 1 Capital for Bendigo and Adelaide Bank. CPS3 are scheduled to pay semi-annual Dividends in arrears in cash on 15 December and 15 June each year, until Converted or Redeemed. The Margin is 4% over 180 day BBSW as determined by the Bookbuild.

NAB Capital Notes

NABPA:ASX Issue price: $100

Offer size: $1.25 billion

NAB Capital Notes are scheduled to pay quarterly, floating rate Distributions in arrears in cash until all NAB Capital Notes are Converted, Redeemed or Written Off.

Medibank Private

MPL:ASX Issue price: $2

Offer size: $5.5 billion

Medibank Private is Australia's largest private Health Insurer, offering Private Health Insurance, Overseas Visitor Health Cover and Overseas Student Health Cover through its two main brands Medibank Private and ahm.

GPT Metro Fund

GMF:ASX Issue price: $2

Offer size: $255.2 million

The Fund is a newly-established Australian real estate investment trust which offers investors an exposure to a quality portfolio of six A-grade metropolitan and business park office properties located across Sydney, Melbourne and Brisbane. The Fund is forecast to have a Distribution Yield (based on the Offer Price) of 7.40% per annum for the period ending 30 June 2015 and 7.65% per annum for the six months ending 31 December 2015.