FIIG - The Fixed Income Experts

Payce is a Sydney focused medium density apartment and mixed use (retail / commercial) development and investment group. The business has been operating for more than 30 years and has established a strong track record in delivering successful projects. Payce listed on the ASX in 1978 (ASX: PAY) and has a current market capitalization in excess of $120m.

Issuer need

Payce was seeking debt to assist them in funding their development pipeline of 3,500 apartments over the next 5 years.

FIIG Solution

By issuing a Senior Secured bond, Payce gained exposure to a new investor base that provided an additional layer of capital into the group. FIIG worked closely with Payce to structure a covenant and security package that incorporated the East Village Shopping centre, a $200m+ asset that would be completed and retained by the group soon after the Notes were issued.

Talk to us
Daniel Jones Director, Debt Capital Markets

Daniel Jones
Head of Debt Capital Markets

+61 436 944 566

FIIG Debt Capital Markets

FIIG has a proven track record of opening the Australian bond markets, having raised over $3.3bn of predominantly unrated bond funding across almost 100 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.

If you would like to learn more about how FIIG can assist in the growth of your business...

  Contact Daniel Jones on
0436 944 566