Latitude Raises A$134.6m via Capital Notes 2 as Hybrid Strategy Evolves

Latitude Group Holdings Ltd. ( (AU:LFS) ) just unveiled an update.

Latitude Group Holdings has raised approximately A$134.6 million through the successful issuance of 1,346,455 Capital Notes 2 at A$100 each, with the securities expected to begin trading on the ASX under the code LFSPB on 29 April 2026. The offer included a reinvestment component, with more than A$64 million of existing Capital Notes 1 bought by a nominated purchaser and reinvested into the new Capital Notes 2, while the remaining Capital Notes 1 stay on issue and may be redeemed at Latitude’s option from late 2026.

The first distribution on Capital Notes 2, covering the period from 28 April to 28 July 2026, has been set at an annualised rate of 5.96239%, equating to a fully franked cash payment of A$1.4865 per note, with future distribution rates to reset quarterly. The capital raising strengthens Latitude’s funding base through hybrid capital, provides ongoing yield opportunities for noteholders and clarifies the company’s capital management approach by partially rolling existing hybrids into the new issue while retaining flexibility over the future redemption of earlier notes.

The most recent analyst rating on (AU:LFS) stock is a Hold with a A$1.20 price target. To see the full list of analyst forecasts on Latitude Group Holdings Ltd. stock, see the AU:LFS Stock Forecast page.

More about Latitude Group Holdings Ltd.

Latitude Group Holdings is an Australian-listed financial services provider specialising in consumer lending and instalment payment products. The company focuses on unsecured personal loans, credit cards and retail finance solutions, targeting consumers and merchants across Australia and New Zealand.

Average Trading Volume: 70,762

Technical Sentiment Signal: Sell

Current Market Cap: A$977.3M

For a thorough assessment of LFS stock, go to TipRanks’ Stock Analysis page.