FIIG - The Fixed Income Experts
StockCo logo - Fiig case study

Financial Services - Using bond funding to grow your business

StockCo Australia is an agribusiness financing company that assists Australia’s farmers fund their livestock herds. In October 2016, FIIG Securities arranged a $30m bond raising to reset StockCo’s funding structure and support future growth. Highlighting the flexibility of the capital markets, StockCo recently raised an additional $17m in line with strong market acceptance of its financing product, positioning StockCo to double its business.

StockCo provides a working capital solution that enables primary producers to utilise the value of their livestock to fund the final stages of weight gain prior to sale. Having reached critical mass StockCo welcomed Elders, Australia’s largest rural services provider, as a new strategic shareholder.

At the same time, they reset the capital structure by expanding their banking club, issuing subordinated notes arranged by FIIG Securities and injecting new equity. This achieved their objectives of lowering their overall cost of funds and securing funding lines that would support business growth. With the combination of a newly aligned distribution partner and greater access to capital, StockCo can achieve a step change in its growth.

StockCo is the latest non-bank finance company to utlise the bond market to support the growth of their business. FIIG has provided a range of funding solutions, including:

  • participating in traditional securitisation structures;
  • corporate style senior facilities, including acquisition of loan books; and
  • subordinated secured funding to complement senior funding.

Talk to a Debt Capital Market expert

John Ricciotti - Head of Debt Capital Markets

John Ricciotti 
Head of Debt Capital Markets

(03) 8668 8868
John.Ricciotti@fiig.com.au

FIIG Debt Capital Markets

FIIG has a proven track record of opening the bond markets, having sole arranged over $1.5bn of predominantly unrated bond funding across more than 36 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 provides debt advisory services focused on optimising capital structures and diversifying funding options.

Financial Services Debt  Issues

CML Group

CML Group - FIIG Debt Capital Markets

$65m

May 2015, March 2016 & May 2016
Senior Secured Notes
Sole Lead Arranger

Moneytech

Moneytech - FIIG Debt Capital Markets

$25m

April 2015
Subordinated Notes
Sole Lead Arranger

Axsess

Axsesstoday - FIIG Debt Capital Markets

$20m

September 2016 & October 2015
Subordinated Notes
Sole Lead Arranger

View the case study

Silver Chef

Silver Chef - FIIG Debt Capital Markets

$30m

September 2012
Senior Unsecured Notes
Sole Lead Arranger

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 John Ricciotti.

Call us Contact John Ricciotti on
(03) 8668 8868

Copyright © 2019 FIIG Securities Limited | ABN 68 085 661 632 | AFSL No 224659 | Financial Services GuideSitemap | About us
FIIG provides general financial product advice only.  For a copy of our disclaimer please refer to fiig.com.au/disclaimer
* Based on FIIG’s high yield sample portfolio. Click here to view. Subject to change and before fees. Please see our FSG for any applicable fees.