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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Australian Bond Exchange Opens Another Door To Access Bonds
Earlier this year, Australian Bond Exchange set up a joint venture with trading platform IRESS to allow financial advisers to transact over the counter...
Outlook For The Global Green Bond Market
Introduction
The challenges humanity faces have never been more important than now. We are in the middle of an environmental transition that requires significant investments...
Corporate Loan Fund Marks Three-year Milestone
A listed investment trust that provides Australian investors with direct exposure to the Australian corporate loan market has just recorded its third consecutive year...
Three New Green Securities Issued In Busy Week
There is growing issuance and demand from investors for green bonds. In the last week there have been three new green issues in the...
Bond Income Business Delivers Planned Revenue Growth for Cashwerkz
Online ASX-listed cash management platform Cashwerkz Limited has reported a rise in revenues as a result of recent strategic initiatives in an update provided...
