Tuesday 13 June 2017 by FIIG Research Company updates

Company updates – NEXTDC and Rackspace Hosting Inc

This week, NEXTDC’s Notes III began trading in the secondary market and we have a new USD DirectBond from Rackspace Hosting Inc

NEXTDC $300m 6.25% 9 June 2021 Notes III available in secondary trade

The NEXTDC 6.25% Notes III are now trading on the secondary market. The notes are callable from 9 June 2019 and every six months thereafter at 101.5%. Final maturity is 9 June 2021 at 101.5%.

The notes are currently indicatively offered at a 5.89% yield to worst, available for wholesale investors only.

The company will use the proceeds to redeem the balance of the remaining Notes I and Notes II securities at the optional redemption date of 16 June 2017.

More information is available in the full research report.External link - opens in a new window

New USD DirectBond – Rackspace Hosting Inc

Rackspace is a leading global multi cloud solutions provider in the business information technology market. Rackspace was founded in 1998 and has grown its revenue every year since inception to over USD2bn. The company operates in more than 120 countries, with 11 data centres located on four continents.

Rackspace primarily markets its services to Fortune 2000 companies who do not possess resources and scale to cost effectively employ an in house IT department to meet their data service needs, or deploy infrastructure to host their applications. 

The company offers a broad portfolio of integrated IT solutions for common business needs across four primary businesses: single tenant, managed cloud services, cloud office and public cloud. 

We have provided a factsheet for the Rackspace 2024 USD bond, available to wholesale investors only in USD10,000 parcels with USD1,000 increments. Please note the factsheets are a summary document only.

Issuer Maturity date Sector Domiciled/currency Factsheet link
Rackspace Hosting Inc 15 November 2024 Digital infrastructure US/USD FactsheetExternal link - opens in a new window

Source: FIIG Securities
Available to wholesale investors only
Bond is US domiciled and requires a W-8BEN form

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