Latest Hybrid Securities News

Latitude Group Holdings has lodged a replacement prospectus for its Capital Notes 2 offer, revealing an increased offer size and updated margin following a completed bookbuild.

Latitude Group Holdings has finalised the margin and size for its Capital Notes 2 offer, setting a 4.15% annual margin and allocating $130 million following a successful bookbuild.

Latitude Group Holdings Limited has launched an offer to raise approximately $100 million through Capital Notes 2, a new series of perpetual, subordinated, unsecured convertible notes. Existing Capital Notes 1 holders are invited to reinvest in the new notes, which feature discretionary quarterly distributions and potential conversion to ordinary shares.

Insurance Australia Group Limited (IAG) has announced a quarterly distribution of AUD 1.6605 per Capital Note 3 security, maintaining a steady income stream for investors with a partly franked dividend.

Suncorp Group Limited has announced a fully franked ordinary distribution of AUD 1.2321 per security for its Capital Notes 5, reflecting a 4.8881% annualised rate based on the current Bank Bill Rate plus margin.

Commonwealth Bank of Australia announces a fully franked quarterly distribution of AUD 1.2657 per security for its PERLS XII capital notes, payable mid-June 2026.

Latitude Group Holdings is considering launching a new Capital Notes 2 offer, potentially allowing existing CN1 holders to reinvest. The offer will require applications through appointed Syndicate Brokers under updated regulatory rules.

Macquarie Technology Group has landed a significant A$200 million hybrid capital injection from the Australian Government-backed National Reconstruction Fund Corporation, aimed at boosting sovereign digital infrastructure and cybersecurity services.

Betashares Capital Ltd has announced the final distribution amounts for February 2026 across a broad range of its ETFs listed on the ASX AQUA market, alongside details on the Distribution Reinvestment Plan.

Lendlease reported a statutory loss of $318 million for the half year ended December 2025, reflecting non-cash impairments, while its core Investments, Development and Construction segment delivered solid EBITDA and maintained full-year guidance. The group is focused on capital recycling and balance sheet strengthening ahead of anticipated earnings growth in FY27.

Lendlease Group reported a significant $318 million statutory loss for the half year ended December 2025, driven by impairments and lower transaction earnings. The company plans a $3 billion capital recycling program to reduce gearing and strengthen its balance sheet.

London City Equities Limited reported a 38% revenue increase and a $5.6 million capital gain from asset sales, while boosting liquidity to nearly 60% of its portfolio and raising dividends amid a cautious investment outlook.