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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Green Bonds On Track To Grow In 2021: Calvert
The green finance market, similar to almost every other aspect of 2020, was shaped by the COVID-19 pandemic. According to Calvert Research and Management,...
University of Melbourne Issues a 10-year Bond
After successful bond issues by Western Sydney University (WSU) and University of Wollongong (UOW) late last year, the University of Melbourne is the first...
Alibaba Taps Bond Market in Multi-billion Dollar Raising
Embattled Chinese e-commerce giant Alibaba Group will this week look to commence raising between US$5 to 8 billion in a bond issue as it...
Australian Economic View – January 2021; Janus Henderson
Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook.
Market review
Despite ongoing COVID-19 outbreaks,...
ASIC Starts Proceedings Against La Trobe Financial
On Friday, ASIC announced it had commenced civil penalty proceedings against La Trobe Financial Asset Management Ltd in its capacity as responsible entity for...
