FIIG Debt Capital Markets

Long term and flexible Australian dollar bond financing for
rated and unrated Australian and New Zealand corporates

DCM OVERVIEW

The FIIG Debt Capital Markets (DCM) team arranges long term, flexible AUD bond financing for rated and unrated Australian and New Zealand corporates. The DCM team provides debt advisory services focused on optimising capital structures and diversifying funding options.

FIIG has a proven track record of opening the bond markets, having sole arranged over $1bn of predominantly unrated bond funding across more than 20 issues.

We have significant placement capabilities, arranging over $2bn in funding across the Corporate, Property, Infrastructure and Financial sectors.

BONDS

Australia has a large and active over the counter (OTC) bond market with over $1 trillion under issuance by international and domestic corporations and governments. The bond market plays an important role in providing corporates with a wider range of long tenor funding options in addition to the traditional banking market.

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The bond market represents two thirds of the capitalisation of the ASX, however annual turnover of $2.5 trillion is over two times the ASX. Listed bonds represent less than 5% of the OTC bond market.


The Bond market enables corporates to implement a flexible capital structure that is aligned to their strategic objectives, creating an optimal mix between short term liquidity facilities, long tenor bond funding and diversity of funding sources.

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Reducing funding concentration is critical to ensuring that the business has in place flexible debt facilities that can accommodate changes in operating conditions and economic volatility.


By optimising the balance between short term funding, such as bank debt, and long term funding, such as bonds, corporates can mitigate refinancing risk and reevaluate debt facilities based on the funding environment and their strategic requirements.

Bonds can be structured to have tenors of greater than 5 years, flexible covenants and no amortisation, complementing short term bank facilities and increasing the stability of a company’s capital structure.

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Borrowers can create a competitive environment for their capital, leading to improved covenant packages, reduced funding costs and retention of funding headroom.

THE OFFER

FIIG opened the AUD bond market to unrated corporates in 2012 by developing a senior unrated bond offering similar in structure to those issued by larger rated corporates.

Bonds are issued to FIIG’s wholesale client base only, removing the requirements for an ASX listed prospectus. Bonds are distributed to over 7,000 institutional and wholesale investors that buy and sell bonds via FIIG’s DirectBonds service. Read more about the DirectBonds Service

Depending on the company’s credit profile and industry, FIIG can offer bond terms ranging from five to ten years.

  • Issued to Wholesale qualifying investors
  • No rating required
  • Public and private companies
  • Earnings history
  • Minimum disclosure requirements
  • Issue size of $20m to $100m
  • Tenor of 5 to 10 years
  • Secured or Unsecured
  • Fixed, Floating, CPI Linked
  • FIIG is arranger and documentation agent
  • Standard legal documentaion
  • 6 week process from mandate, inc. 1 week to raise funds
  • Book build process to set price and terms
  • Roadshow via webinar
  • Public trustee represents note holders
  • Independent credit research
  • Capital structure review
  • Due diligence and documentation
  • Issue presentation and webinar
  • Investor client services team
  • Investor relations
  • Note holder consent faciliation

FIIG has a proven track record of opening the bond market to corporate issuers. Since 2012 we have arranged over $1bn of bond funding across more than 20 issues. Read more about how we can increase your access to long term funding.

CORPORATE

Supporting growth and operating flexibility

PROPERTY & INFRASTRUCTURE

Recognising the value of underlying assets

FINANCIALS

Providing stable funding pools to support asset origination

MEET THE TEAM

Our DCM team specialise in working with corporates to evaluate capital structures, arrange bond financing and undertake corporate actions. The team includes experienced debt capital market professionals, with a broad range of product and sector expertise across domestic and global markets.

John Ricciotti
Head of Debt Capital Markets
(03) 8668 8868
Tony Perkins
Head of Syndicate
(03) 8668 8833
James Vance
Director, Debt Capital Markets
(02) 9697 8741
Michael Hoffmann
Director, Debt Capital Markets
(03) 8668 8855
Director, Debt Capital Markets
(02) 9697 8778
Associate Director - Credit Structuring
(02) 9697 8755
Credit Analyst - Debt Capital Markets
(02) 9697 8730
Director, Debt Capital Markets
(03) 8668 8856
Adam Papageorgiou
Director, Debt Capital Markets
(02) 9697 8778
Henry Stewart
Associate Director – Credit Structuring
(02) 9697 8755
Daniel Jones, CFA
Credit Analyst - Debt Capital Markets
(02) 9697 8730
Adam Papageorgiou
(02) 9697 8778
Daniel Jones
(02) 9697 8730

FIIG AT A GLANCE

$11bn
Funds under Management
7,000
Account Holders
17 years
Established 1998
$1bn
FIIG Originated bonds

FIIG is Australia’s leading fixed income specialist. For 17 years we’ve been providing investors with direct access to bond markets and a range of term deposits and other cash solutions. We also help Australian corporates fund their growth through access to bond markets. We’re also Australia’s largest specialist fixed income provider with over $11 billion currently under investment. Read more about FIIG on the FIIG website.