FIIG - The Fixed Income Experts
sct-logistics

FIIG Securities arranges Australia’s Largest Unrated Private Corporate Bond Deal

SCT Logistics (“SCT”) is Australia’s largest private rail freight operator and has been a FIIG client since 2015. Established in 1974, SCT provides a full suite of vertically integrated, national logistics services, at the core of which is Australia’s most modern rail freight operation. SCT has strong competitive advantage by virtue of its difficult to replicate assets and access rights secured over long term arrangements. SCT operates in a largely duopolistic market with Pacific National being the other key competitor, and has a very sticky customer base.

FIIG Debt Capital Markets has arranged the largest unrated corporate bond deal for a private company in Australia with a $100m, 5 year unsecured non-amortising note issue for SCT. Funding was provided across a $60m Floating Rate Note and a $40m Fixed Rate Note (collectively the “Notes”). The Notes provide SCT with long term capital to refinance the $85m 2015 FIIG-arranged unsecured notes and fund growth capital expenditure. The long term tenor of the Notes is appropriate given it matches the long term nature of the assets and associated infrastructure.

Following successful recent issues for Armour Energy, Zenith, Plenary & Merredin Energy, SCT is the latest corporate borrower to access the bond market through FIIG Securities to broaden its capital base. FIIG has provided a range of funding solutions across different sectors, including:

  • 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.
Erryn Lloyd-Jones - Head of Debt Capital Markets, Private Debt
Erryn Lloyd-Jones
Head of Debt Capital Markets

(02) 9697 8778
Erryn.Lloyd-Jones@fiig.com.au

A proven track record of opening the Australian bond markets

FIIG has a proven track record of opening the Australian bond markets, having raised over $2.8bn of predominantly unrated bond funding across more than 70 issues.

The Debt Capital Markets team arranges long term, AUD bond financing for rated and unrated Australian and New Zealand corporates. Our funding solutions enable mid-market corporates and large private companies to diversify their funding options and optimise their capital structures.

StockCo Agrifinance - FIIG Debt Capital Markets

$30m

October 2016
Subordinated Notes
Sole Lead Arranger

View the case study

Liberty Finance - Fiig Debt Capital Markets

$29m

June 2017
Senior Unsecured Notes
Placement

zipMoney - FIIG Securities Debt Issues

$40m

May 2017
Class B Notes
Sole Lead Arranger

View the case study

Capitol Health - FIIG Debt Capital Markets

$40m

April 2017
Senior Secured Notes
Sole Lead Arranger

View the case study

StockCo Agrifinance - FIIG Debt Capital Markets

$17m

March 2017
Subordinated Notes
Sole Lead Arranger

View the case study

Eric Insurance Limited - FIIG Debt Capital Markets

$22m

August 2016
Tier 2 Capital Notes
Sole Lead Arranger

CML Group - FIIG Debt Capital Markets

$15m

May 2016
Senior Secured Notes
Sole Lead Arranger

Capitol Health - FIIG Debt Capital Markets

$32m

April 2016
Senior Secured Notes
Sole Lead Arranger

View the case study

CML Group - FIIG Debt Capital Markets

$25m

March 2016
Senior Secured Notes
Sole Lead Arranger

CML Group - FIIG Debt Capital Markets

$25m

May 2015
Senior Secured Notes
Sole Lead Arranger

Moneytech - FIIG Debt Capital Markets

$25m

April 2015
Subordinated Notes
Sole Lead Arranger

View the case study

CBL Insurance - FIIG Debt Capital Markets

$55m

April 2014
Senior Secured Notes
Sole Lead Arranger

View the case study

Cash Converters - FIIG Debt Capital Markets

$60m

September 2013
Senior Unsecured Notes
Sole Lead Arranger

View the case study

Silver Chef - FIIG Debt Capital Markets

$30m

September 2012
Senior Unsecured Notes
Sole Lead Arranger

View the case study

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

  Contact Erryn Lloyd-Jones on
(02) 9697 8778

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