Investing

QANTAS 2.95% Nov 29 XTB IPO

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Launching Soon:
QANTAS 2.95% NOV ’29 XTB IPO
ASX code: YTMQF4

The XTB will mirror the underlying Qantas bond being issued to the institutional market on 07 DEC 2020.

The XTB IPO allows all investors to access returns from this bond, with the added convenience of ASX trading.

Initial investments start at $5,000 for the IPO made up of single XTB units each with a face value of $100 each.

How XTBs work

XTBs represent a $100 fraction of a corporate bond, which is traded on ASX.

Each XTB has the same coupon rate and maturity date as its underlying bond. So effectively an XTB mirrors the cash flow characteristics of an individual corporate bond issued in the wholesale market.

XTBs blend the predictable income and capital stability of corporate bonds, with the transparency and liquidity of the ASX market.

Key benefits

  • ASX-traded – simple & accessible
  • Predictable, reliable income – set coupon dates & amounts
  • Face value returned at maturity – $100 per XTB
  • Available to SMSFs

Key risks

  • Credit risk
  • Interest rate risk
  • Liquidity risk

Find out more

Read our IPO FAQs and download a copy of the Investor’s Guide to YTMQF4 below.

 

VIEW PDSXTB Download icon

VIEW FACTSHEETXTB Download icon

Offer details and indicative timeline

Limited Initial Offer $200m
Initial Offer Opens 1 NOV 2020
Initial Offer Closes 5 DEC 2020
Expected ASX Quotation Date 7 DEC 2020
Application Price $102 per unit
Coupon 4% per annum paid semi-annually APR & OCT
Minimum Application $5,000
Capital Structure Senior Unsecured
Security Manager’s Fee 0.40% p.a. (included within the application price)
Available through Bell Direct, Desktop Broker, Morgans and Shaws
Asset Class Fixed Income
Asset Class Categorisation Defensive

 

Broker partners for the IPO

The YTMQF4 IPO is available exclusively through the following brokers. Further details can be found by downloading a copy of our IPO eBook.

The Investor's Guide To YTMQF4

This free guide will help you understand how the key details of this unique opportunity and explain how to participate. 

The guide also covers key educational information about corporate bonds.