FIIG takes lead in bond offering
FIIG Securities has been appointed the lead arranger in a $40 million unsecured corporate bond offer being undertaken Coffey International Limited.
The bond offering is intended to increase the tenure of Coffey’s debt maturity profile and diversify its debt funding sources with the net proceeds being used to repay existing bank debt.
Announcing the move, the company said the bond offering was only open to eligible professional and sophisticated investors and that no prospectus or other disclosure documents in relation to the bond would be lodged with the Australian Securities and Investment Commission or any other regulatory authority.
FIIG Securities chief executive, Mark Paton said the company was pleased to assist Coffey to diversify and lengthen the duration of its debt funding.
“Coffey’s bond offering is another positive development for the expanding Australian bond market for mid-sized corporates,” he said.
Recommended for you
With an advice M&A deal taking around six months to enact, two experts have shared their tips on how buyers and sellers can avoid “deal fatigue” and prevent potential deals from collapsing.
Several financial advisers have been shortlisted in the ninth annual Women in Finance Awards 2025, to be held on 14 November.
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
