Latest Funding Costs News

Buru Energy is actively pursuing funding for its 2026 drilling campaign to validate resources at the Rafael Gas Project, aiming for a Final Investment Decision in the second half of 2026 and first cashflow by 2028.

Bank of Queensland Limited has announced a fully franked quarterly distribution of AUD 1.2412 per Capital Note 3 security, payable in March 2026. The distribution reflects a 4.9784% annualised rate based on the BBSW plus a margin.

Rent.com.au has locked in up to $5.5 million in growth capital by underwriting the exercise of its remaining listed options, positioning the company for accelerated profitability and expansion of its RentBond® loan book.

Rent.com.au has achieved a significant milestone with RentBond® annuity revenue exceeding $100,000 in a single month, driven by over $1 million in new loans and strategic capital moves that improve profitability.

Fletcher Building has prepaid all US Private Placement notes, simplifying its capital structure and reducing interest costs, while extending key credit facilities to bolster liquidity.

Harmoney has secured a $15 million revolving debt facility from a major Australian bank, refinancing its previous loan at a significantly lower margin and underpinning future growth.

Bendigo and Adelaide Bank has agreed to acquire RACQ Bank’s retail lending assets and deposits, expanding its customer base and enhancing geographic diversity. The deal is expected to be accretive to earnings and align with the bank’s 2030 return targets.

Pioneer Credit has secured a further 15 basis point reduction on its $272.5 million senior finance facility, lowering its funding costs and reinforcing its commitment to sustainable business practices.

Moody’s has upgraded Bendigo and Adelaide Bank’s long-term credit rating to A3, citing strong asset quality and liquidity. The outlook shifts to stable, reflecting confidence tempered with caution.

Turners Automotive Group has delivered a record first-half profit for FY26, driven by strong growth in its Finance and Insurance divisions despite ongoing supply constraints in the used vehicle market. The company also raised its interim dividend, signalling confidence in its diversified business model and capital management strategy.

Plenti Group Limited has reported a striking 147% increase in cash profit before tax for the first half of FY26, driven by record loan originations and robust credit performance. The fintech lender’s loan portfolio surged 24%, positioning it on track for a $3 billion milestone by March 2026.

Plenti Group Limited has reported a remarkable half-year performance for FY26, with revenues up 20% and profit soaring over tenfold to $10.5 million. The fintech lender’s loan portfolio expanded 24%, driven by strong demand across automotive, renewable energy, and personal loans.