Tuesday 29 November 2016 by FIIG Research Company updates

Sunland bonds now available to retail investors

Retail investors can invest in Sunland November 2020 fixed rate bonds

rising sun

Sunland Group Ltd (Sunland) is an ASX listed residential property development group with over 30 years’ industry experience. The business operates primarily in South East Queensland, Sydney and Melbourne and develops land subdivisions, medium density housing, as well as multistorey and high rise projects.

Over the last seven years, Sunland has completed over 4,500 dwellings with a gross value of over $2.7bn. Further, Sunland has a history of maintaining a viable development pipeline. Currently, its portfolio offers five years plus of projects with 6,300 dwellings and an estimated gross realisable value of $4.3bn. The portfolio offering greatly mitigates replenishment risk over the life of the bond.

Sunland raised $50m in unsecured bonds in November 2015. The 7.55% fixed rate bonds mature on 25 November 2020, and are callable at the company’s option on 25 November 2018 at $103.00, or on 25 November 2019 at $101.50.

The bond is indicatively offered at a yield to worst* of 6.78% which is to maturity date  on 25 November 2020. The bonds are available in $10,000 parcels with $1,000 increments and $50,000 up front spend for new clients.

Note that the bond is currently in short supply, however if you would like to register your interest please contact your local dealer.

The Sunland Group Ltd research report can be found here.External link - opens in a new window

Please contact your FIIG representative for further details on the Sunland Group Ltd bonds. Available to retail and wholesale investors only.

Pricing is accurate as of 29 November 2016 but subject to change.

*Yield to worst is the lowest yield an investor can expect when investing in a callable bond.