Investment Opps

Oil Search (OSH.AX) capital raise

NAB issued today $1,175m subordinated floating rate medium term notes due November 2031 and - A$225,000,000 subordinated fixed rate medium term notes due November 2031. The Subordinated MTNs convert into fully paid ordinary shares of the Issuer (or, in certain circumstances, an Approved NOHC) where the Australian Prudential Regulation Authority (“APRA”) determines this to be necessary on the grounds that the Issuer would otherwise become non-viable.

Suncorp Group Limited announced its offer of Capital Notes 3 of $300 million of Capital Notes 3 under the Broker Firm Offer and Institutional Offer on a firm basis. The Margin has been set at 3.00% p.a., the bottom of the Margin range of 3.00% - 3.20% p.a. indicated at launch. The final size of the Offer will depend on the volume of Applications received and accepted under the Reinvestment Offer and the Security holder Offer with Suncorp reserving the right to scale back Applications or increase the final size of the Offer if there is excess demand.

EML Payments Limited recently completed an instituional placement for its 1 for 5 accelerated pro-rata non-renounceable entitlement offer .