The bond issue, arranged by FIIG, will consist of two bond types including a minimum of $30 million worth of four-year floating-rate notes, and a minimum of $45 million worth of six-year fixed-rate notes.
According to FIIG Securities, the bonds will have a minimum initial investment of $50,000 at issue and will be distributed to FIIG Securities clients who qualify as sophisticated or professional investors.
The bond issue is being undertaken for national multi-model transport and logistics company SCT Logistics, which predominantly provides long-haul rail freight services.
FIIG chief executive Mark Paton said the offering, which follows a series of recent bond issues, was further evidence of the growing awareness among Australian corporates that a bond issue is a reliable funding option.
“This is a very positive development because it recognises that private companies such as SCT Logistics can access the Australian bond market, reinforcing the maturity of the market and servicing the diversification needs of both investors and issuers,” said Mr Paton.
