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 $2 billion across retail, commercial, industrial, residential, and retirement living.
Following the company’s original FIIG-arranged $35m note issue in 2015 and the refinanced $50m note issue in August 2019, FIIG Debt Capital Markets was able to work closely with Stockwell to “tap” their existing $50m secured amortising bond maturing in August 2026 for an additional $30m. The $30m tap issue provides Stockwell with long term capital to complete current projects and then recycled capital to deliver their $1bn development pipeline over the next 5 years.
Following successful recent issue for Evolve Education ($35m), 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.