Investment Opps

National Australia Bank (NAB) today announced an offer of NAB Subordinated Notes 2, which are expected to be quoted on the ASX.

Stockwell have launched the Virtuoso Investment Fund which Established to raise up to $17.3 million from wholesale/sophisticated investors and pay a cash return of 15%p.a.

Switzer Asset Management has announced the IPO of a listed dividend growth fund. The Switzer Dividend Growth Fund (SWTZ) aims to provide investors with tax-effective income and long-term capital growth by investing in a core portfolio of blue chip Australian shares.

Santos today announced the successful completion of its A$1,040 million fully underwritten institutional placement (“Institutional Placement”) of new fully paid ordinary shares (“New Shares”).

Corporate Travel Management Ltd announced today a 1 for 21 pro-rata renounceable entitlement offer at an issue price of $15 per share to raise approximately $71.085m. The Funds will be used to acquire Andrew Jones Travel and Redfern Travel. The issue price represents a discount per share of 6.4% to the theoretical ex-rights issue price or 9.9% to the 5 day VWAP.