The Australian bank capital note market has long been favored by income investors and is worth around $30 billion. Recent issues mean it's worth examining capital notes, their features and why you would consider investing.
Both Westpac and Macquarie Bank have recently been in the market with a capital notes...
This month AMP issued a new hybrid. AMP planned to raise $200m via an issue of Capital Notes 2 (ASX code: AMPPB) securities, which it exceeded, raising $275m. The securities are perpetual, convertible, subordinated, non cumulative, unsecured notes and the proceeds used to fund “one or more APRA-regulated entities...
What is a bond?
Companies often need to raise external funds to grow. There are two ways they can do this:
Raise equity by issuing shares
Take on debt by borrowing money
Practically all companies use banks to borrow, but companies can also by-pass the banks and borrow from investors by...
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Dozen Recommendations Made To ‘Unleash Power’ of Corporate Bond Market
Twelve recommendations have been made to support the development of a more active corporate bond market in Australia.
The House of Representatives Standing Committee on...
Australian Bond Exchange Plans IPO Raise
The Australian Bond Exchange is preparing to join the ASX later this year with plans to raise up to $10.4 million through an IPO.
The...
Five Reasons Why Fixed Income Still Matters
Key takeaways:
Fixed income is the only asset class that demonstrates a low to negative correlation to risk assets.
Fixed income provides highly efficient...
In-Depth Look At Fixed Income With ABX Co-Founder Markus Mueller
Elizabeth Moran sits down to talk with Markus Mueller, Co-Founder of The Australian Bond Exchange. Before co-founding ABE, Markus was Director/Branch Manager at Morgans/Reynolds,...
Capital Notes – What Are They and Should You Invest?
The Australian bank capital note market has long been favored by income investors and is worth around $30 billion. Recent issues mean it's worth...
