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