Don’t miss out on the latest additions to the DirectBond list, with exposure to a global pharmaceuticals business, two banks, and a US based food and beverage company
Bendigo and Adelaide Bank
Bendigo and Adelaide Bank Limited (The Bank) provides a broad range of banking and other financial services primarily to retail customers and small to medium sized businesses. The Bank has grown considerably over the past 21 years, both organically and as a result of strategic acquisitions, most notably its merger with Adelaide Bank Limited in 2007.
| The bond |
| Type | Floating |
| Rank | Senior unsecured |
| Rate | 3M BBSW+105bps |
| Minimum parcel size | AUD 10,000 |
| Payment | Quarterly |
| Maturity date | 25 January 2023 |
| Credit rating | BBB+ (S&P) |
This bond (ISIN: AU3FN0040523) is available to wholesale investors only.
Dean Foods
Dean Foods Company (Dean Foods) is a leading food and beverage company with approximately 70 plants across the United States. Headquartered in Dallas, the company is the largest processor and distributor of milk and various other dairy products in the US, and owns more than 50 local and regional dairy brands and private labels. In addition to fluid milk and milk products, Dean Foods distributes ice cream, cultured products, juices, teas, bottled water and other products.
| The bond |
| Type | Fixed
|
| Rank | Senior unsecured
|
| Rate | 6.50%
|
| Minimum parcel size | USD 10,000
|
| Payment | Semi annually on 15 March and 15 September each year. Call dates from 15 March 2018
|
| Maturity date | 15 March 2023 |
| Credit rating | BB-/B2 (S&P/Moody’s)
|
The bond (ISIN: USU24044AB24) is available to wholesale investors only. For more information, please see the Dean Foods 2023 Factsheet*.
Deutsche Bank AG
Deutsche Bank (DB) is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific. DB provides banking services to corporations, governments, institutional investors, small and medium sized businesses and private individuals. Deutsche Bank’s 1999 takeover of the New York based investment bank, Bankers Trust, was the largest ever acquisition by a German bank in the US financial market.
| The bond |
| Type | Floating |
| Rank | Senior unsecured |
| Rate | 3M BBSW+140bps |
| Minimum parcel size | AUD 10,000 |
| Payment | Quarterly |
| Maturity date | 30 January 2023 |
| Credit rating | n/a |
The bond (ISIN: XS1757815953) is available to wholesale investors only.
Mallinckrodt International Finance S.A
Mallinckrodt International Finance S.A (MNK) is a global business that develops, manufactures, markets and distributes branded and generic specialty pharmaceutical products and therapies. On 24 August 2016, the company announced that it had entered into a definitive agreement to sell its Nuclear Imaging business to IBA Molecular. In 2015, MNK completed the sale of its contrast media and delivery systems business.
The following notes have been added to the DirectBond list and are available to wholesale investors only:
| Maturity date | The bond |
|
| 15 April 2020 | Type | Fixed |
ISIN: USL6233LAB29
| Rank | Senior unsecured |
| Rate | 4.875% |
| | Minimum parcel size | USD 10,000 |
| | Payment | Semi annually on 15 April and 15 October each year. Call date on or after 15 April 2018
|
| | Credit rating | BB-/B1 (S&P/Moody’s) |
| |
| Factsheet available here*
|
| | | |
| 1 August 2022 | Type | Fixed |
ISIN: USL6233LAA46
| Rank | Senior unsecured |
| | Rate | 5.75% |
| | Minimum parcel size | USD 10,000 |
| | Payment | Semi annually on 1 February and 1 August each year |
| | Credit rating | BB-/B1 (S&P/Moody’s) |
| |
| Factsheet available here* |
| | | |
| 15 October 2023 | Type | Fixed |
ISIN: USL6233LAD84
| Rank | Senior unsecured |
| | Rate | 5.625% |
| | Minimum parcel size | USD 10,000 |
| | Payment | Semi annually on 15 April and 15 October each year. Call date on or after 15 October 2018 (30 days’ notice) |
| | Credit rating | BB-/B1 (S&P/Moody’s) |
| | | Factsheet available here* |
*Please note the Factsheets above require a wholesale login.
| The bond |
| Type | Floating |
| Rank | Senior unsecured |
| Rate | 3M BBSW+140bps |
| Minimum parcel size | AUD 10,000 |
| Payment | Quarterly |
| Maturity date | 30 January 2023 |
| Credit rating | n/
|