By Digifin Pty Ltd · About this coverage
Key Points
- Proposed offer of subordinated, perpetual, redeemable hybrid securities, subject to market conditions
- Floating rate distributions expected to be fully franked
- Jarden Australia expected to be arranger and a joint lead manager if the offer proceeds
- Retail applicants must be in the target market and have received personal advice
About New Hope (ASX:NHC)
New Hope Corporation Limited is an ASX-listed coal producer based in Queensland. It operates the Bengalla Mine in New South Wales and the New Acland Mine in Queensland, and holds an equity interest in Malabar Resources Limited. The group sells thermal and related coal products into domestic and export markets.
New Hope (ASX:NHC) Corporation announced it is proposing an offer of subordinated, perpetual, redeemable hybrid securities, subject to market conditions, and named the syndicate it expects to appoint if the offer proceeds.
Floating rate distributions on the Hybrid Securities are expected to be fully franked. If the offer proceeds, the company expects to appoint Jarden Australia Pty Ltd as arranger and a joint lead manager, alongside joint lead managers Canaccord Genuity, FIIG Securities, Morgans, MST Financial Services, Ord Minnett and Shaw and Partners, with Bell Potter Securities and Taylor Collison as co-managers. Any offer will be made under a prospectus lodged with ASIC, and applications must be made through a Syndicate Broker. The offer would be available only to Australian residents, and retail investors must be within the target market determined by the company and must have received personal advice from a qualified financial adviser to apply.
The release does not state the size of the offer, the distribution margin, the use of proceeds or a timetable. It is not an offer, and no applications will be accepted until the prospectus is made available and the offer opens.
Source: New Hope Corporation Limited (ASX:NHC), 11 November 2026. Summary content supplied by Digifin Pty Ltd.
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