FIIG new issue - Next Gen

Today we launch a new FIIG originated AUD45m senior secured bond issue from Next Gen Health and Lifestyle Clubs (Next Gen).

The bond will pay a fixed coupon of 7.90% (paid quarterly) and is expected to mature on 22 June 2023. Over the final three years, the bond will amortise by a third leaving Next Gen with AUD30m to refinance at maturity.

Please see the full report for Next Gen in the document below