New Hope Corporation Proposes Offer of Subordinated Perpetual Redeemable Hybrid Securities

Shwetambri Chauhan

11 November 2026 12:32 PM AEDT

New Hope Corporation Proposes Offer of Subordinated Perpetual Redeemable Hybrid Securities

Image Source: Krish Capital Pty Ltd

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New Hope Corporation (ASX:NHC) has disclosed a proposal to undertake an offer of subordinated, perpetual, redeemable hybrid securities, subject to market conditions, with floating rate distributions expected to be fully franked.

Key Points

New Hope Corporation proposes to offer subordinated, perpetual, redeemable hybrid securities, subject to market conditions.
Floating rate distributions on the Hybrid Securities are expected to be fully franked.
Jarden Australia Pty Ltd is expected to be appointed as arranger and a joint lead manager if the offer proceeds.
Any offer will be made under a prospectus to be lodged with ASIC; applications must be made through a Syndicate Broker.
The offer is only available to Australian residents, and retail investors must have received personal advice from a qualified financial adviser to apply.

Proposed Hybrid Securities Offer Structure

According to the filing, New Hope Corporation is proposing to offer subordinated, perpetual, redeemable hybrid securities, with the offer subject to market conditions. If the offer proceeds, the company expects to appoint Jarden Australia Pty Ltd as arranger and a joint lead manager. The filing states that floating rate distributions on the Hybrid Securities are expected to be fully franked. The company disclosed that the filing does not constitute an offer or invitation to acquire the Hybrid Securities, and no applications will be accepted until the prospectus is made available and the offer opens.

Syndicate Broker Appointments

If the offer proceeds, the company disclosed it expects to appoint the following joint lead managers: Canaccord Genuity (Australia) Limited, FIIG Securities Limited, Jarden Australia Pty Ltd, Morgans Financial Limited, MST Financial Services Pty. Ltd., Ord Minnett Limited, and Shaw and Partners Limited. Bell Potter Securities Limited and Taylor Collison Limited are named as co-managers. The filing states that applications under the offer, if it proceeds, must be made through a Syndicate Broker.

Eligibility Requirements and Prospectus Process

The filing states that any offer of Hybrid Securities will be made under a prospectus to be lodged with the Australian Securities and Investments Commission and made available if and when the offer proceeds. The offer is only available to Australian residents. Retail investors must be within the target market determined by the company for the Hybrid Securities and must have received personal advice from a qualified financial adviser in order to apply. The company said any person interested in investing should read the prospectus in its entirety before deciding whether to participate. The filing was approved and authorised by the Board.

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