The Stockwell group is a Queensland based diversified property group with a 65 year history in property development, property investment, design & construction and property management. In the last 25 years, the group has delivered properties valued in excess of $1.8 billion across retail, commercial, industrial, residential, and retirement living.
Following the company’s original FIIG-arranged $35m note issue in 2015, FIIG Debt Capital Markets was able to work closely with Stockwell to refinance their existing bonds in August 2019 with a 7 year $50m secured amortising bond. The $50m note issue provided Stockwell with long term capital that refinanced their original bonds and provided additional funds for Stockwell to co-invest in a Stockwell managed property fund established to acquire the Noosa Civic Shopping Centre. The long term bond finance is appropriate given the long term nature of the regional shopping centre assets, associated infrastructure and long term contracted leasing revenues.
Following successful recent issues for SCT Logistics, Zip Co and Ovato (PMP), Stockwell is the latest corporate to return to the bond market through FIIG Securities. 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.