FIIG - The Fixed Income Experts
Sunland Group - FIIG Issue

Funding diversification and growth in the Property Sector

Sunland Group Limited (“Sunland”) was established in 1983 and over 35 years has become a diversified residential property development group that incorporates medium density housing/town house projects and urban (land) development, together with multi story medium and high-rise projects. Sunland listed on the Australian stock exchange in 1995 (ASX: SDG) and has a current market cap of more than $200m.

Following the company’s original FIIG-arranged $50m note issue in 2015, FIIG Debt Capital Markets has arranged a $50m, 5 year unsecured and unsubordinated note issue for Sunland. The note issue extended Sunland’s debt profile with long term capital which complements its other financing facilities.

“The new note issue, together with Sunland’s existing financing arrangements, will assist to fund the Group’s projects, developments, property investments and continued working capital.” Managing Director Sahba Abedian.


Following successful recent issues for Stockwell ($50m), Workpac ($30m), SCT Logistics ($100m) and Amour Energy ($55m), Sunland 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.

 

Talk to us
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

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.

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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