FIIG - The Fixed Income Experts
Evolve Early Education

New High Yield Unrated Corporate Australian bond issuance

Evolve Education Group Ltd (“Evolve”) is a New Zealand-based company engaged in the provision and management of early childhood education services with operations across New Zealand and Australia. Evolve is listed on the NZX Main Board (NZE: EVO) as well as the ASX (ASX: EVO) with the current market cap in Australia of c.A$200m.

FIIG Debt Capital Markets has recently arranged a new A$35m, 5 year senior secured note issue for Evolve. The new note issue will be used to fully repay existing bank debt and provide funding for further childcare centre acquisitions in the Australian market.

Evolve is the first corporate to turn to the bond market this year through FIIG Securities following successful issuances in 2019 from SCT Logistics ($100m), Omni Bridgeway ($72m), Amour Energy ($55m), Sunland ($50m), Stockwell ($50m), Workpac ($30m), Elanor Wildlife Fund ($25m) and Visionfund ($20m). FIIG has provided a range of funding solutions across different sectors, which have benefited companies by:

  • providing funding diversification to refinance and/or complement existing funding lines;
  • providing growth funding for capital expenditure and acquisitions; and
  • optimising the capital structure through extending maturities, fixed or floating rates, and secured and unsecured funding structures.
Talk to us
James Vance Director, Debt Capital Markets
James Vance
Director, Debt Capital Markets

(02) 9697 8741
James.Vance@fiig.com.au

FIIG Debt Capital Markets

FIIG has a proven track record of opening the Australian bond markets, having raised over $2.9bn of predominantly unrated bond funding across more than 70 issues.

The Debt Capital Markets team arranges long term, flexible AUD bond financing for rated and unrated Australian and New Zealand corporates. The DCM team also provides debt advisory services focused on optimising capital structures and diversifying funding options.

zi

If you would like to learn more about how FIIG can assist in the growth of your business, please visit www.fiig.com.au/debt-issuers/DCM or contact James Vance.

 Contact James Vance on
(02) 9697 8741