Week in review
Poor news for Australian investors as election uncertainty continues. Demand grows for bonds which have rallied in the aftermath of Brexit
FIIG is pleased to offer the Praeco fixed rate bond with a call date of 28 July 2020 and the Praeco indexed annuity bond maturing on 15 August 2020 to retail investors
Praeco Pty Ltd AUD 15 August 2020 Senior Secured Indexed Annuity Bond
Praeco Pty Ltd AUD 7.132568% 28 July 2022 Senior Secured Fixed Rate Bond
With real yields of between 2% to 3% on offer, inflation indexed annuity bonds (IABs) continue to represent a compelling investment proposition given the strong underlying credit quality.
Praeco Pty Ltd (Praeco) is the consortium which was contracted to build and maintain the Headquarters Joint Operations Command (HQJOC) for the Australian Defence Department just outside of Canberra. Praeco is owned by IFM (80%) and Leightons Contractors (20%), the builder.