Investment Research Updates

Challenger Capital Notes 3 – CGFPC

Lonsec have initiated coverage and assigned ratings to Challenger Capital Notes 3 – CGFPC.

Challenger Capital Notes 3 (CGFPC) pay quarterly, partially-franked, non-cumulative distributions based on an issue margin of 4.60% over the 90-day Bank Bill Swap Rate. CGF has the option to redeem the Notes or convert the Notes to ordinary shares on 25 May 2026, otherwise the Notes are expected to convert into $101 worth of ordinary shares on 25 May 2028, provided that mandatory conversion conditions are satisfied.

Lonsec’s Viewpoint Report covering the key elements of the security, and the various risks involved in now available in the Members Research Portal.

Members can view this report by clicking on the Hybrids sub-menu, type CGFPC in the search box, and click the report icon in the table.

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