TPI 4.29% 73.0¢ transpacific industries group ltd

substantial holder notice, page-15

  1. 3,407 Posts.
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    grabbed some TPAPA for my superfund today...

    Distributions: semi-annual
    Coupon: 4.69 (BBSW 6month) + 2.5% + 3.5% (step up) = $10.69 or 13.897 (including 30% tax credit) grossed up

    entry price: $74

    yield = (100 / 74) * 13.897 = 18.78%

    Debt deal means distributions have a high degree of certainity for the next 3 years at least

 
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Currently unlisted public company.

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