Peet
Peet prices A$75 million FRN deal
Peet launches new 2026 FRN domestic deal
On 25 May, Peet (NR) launched a new, September 2026, A$75 million (US$58.2 million) floating-rate note (FRN) transaction. Indicative price guidance for the deal is 500-525 basis points area over three-month bank bills, according to sole lead manager National Australia Bank. Pricing is expected on the day after launch.
Where to now? Simple corporate bonds still lack spark
The federal government is re-evaluating its plan to facilitate retail access to corporate issuers. However, industry sources doubt that even improvements to the simplified corporate bond regime will encourage supply.
Peet gets set for property market upside
Peet came to the market for its fourth debt capital market transaction on 26 March, with the issuer raising capital to position itself for opportunities that it believes may arise as a result of a property market sell-off. The deal’s lead says the nonrated corporate market continues to provide attractive opportunities for issuers and investors.
Peet prices A$75 million five-year domestic deal
Peet launches new five-year domestic deal
On 25 March, Peet (NR) launched a five-year, indicative A$75 million (US$53.1 million) senior-unsecured transaction. The forthcoming deal has an indicative coupon in the area of 6.75 per cent. National Australia Bank is sole lead arranger and bookrunner.