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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Due to an uncertain operating environment, Crown Resorts has announced that it will not be redeeming the Crown Subordinated Notes II (CWNHB) at the...
Bill Bovingdon – An Australian Fixed Interest Veteran
Bill Bovingdon is the chief investment officer at Altius Asset Management. Altius is an experienced, specialist fixed interest asset manager that is 100% owned...
AMP Hybrid Helps Explain Technical Terms and Returns
This month AMP issued a new hybrid. AMP planned to raise $200m via an issue of Capital Notes 2 (ASX code: AMPPB) securities, which...
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It’s not easy to get an understanding of individual bonds and how they are trading, so we welcome this brief article and table showing...
The Problem With Fixed Income Indices
Is my fund manager doing a good job?
Fund managers play an important role in the provision of secure retirements for millions of Australians. So,...
