ANZ issues 4.75% Subordinated Notes

Sep 08, 2017 admin Fixed Income, Investment Opps, SMSF 0 Comment

Australia and New Zealand Banking Group Limited (“Issuer”) will issue AUD 225,000,000 4.75 per cent fixed rate subordinated notes due 7 September 2032 pursuant to its US$60,000,000,000 Euro Medium Term Note Programme (the “Subordinated Notes”). The Subordinated Notes convert into fully paid ordinary shares of the Issuer (“Ordinary Shares”) where the Australian Prudential Regulation Authority (“APRA”) determines this to be necessary on the grounds that the Issuer would otherwise become non-viable.

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Alzheimer’s used in Guvera lawsuit

Aug 03, 2017 admin Alternative Assets, Australian economy, Equity, news, SMSF 0 Comment

The Courier Mail recently reported that GOLD Coast fundraising outfit Amma Private Equity sold $8 million in music-streaming stock Guverra to an elderly man, who argues he was exhibiting symptoms of Alzheimer’s disease.

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ASIC Chief blasts bank hybrids

Jul 18, 2017 admin Alternative Assets, Australian economy, Equity, Fixed Income, news, SMSF 0 Comment

Exiting ASIC Chairman Greg Medcraft warned bank issued hybrid capital were "ridiculous" for retail investors.

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Australian dollar spikes higher, will rates follow?

Jul 18, 2017 admin Australian economy, Equity, Fixed Income, Global economy, news, Property, SMSF 0 Comment

Aussie Aussie Aussie!” you could almost hear the Australian Reserve Bank cheer this month. Tuesday’s release of the RBA minutes put financial markets into a tail spin. Friday night’s US data started the stronger Aussie trend. US inflation failed to impress – showing a second drop in 3 months. Analysts believed that the US Federal Reserve was less likely to push ahead with the removal of stimulus and policy tightening measures; meaning a lower interest rate differential between Australian and US interest rates. The Australian dollar (AUD) dutifully responded, adding 1 cent from ~75.40c US.

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ASIC focuses on ‘sophisticated investor’ certificates

Jul 08, 2017 admin Australian economy, Fixed Income, news, Property, SMSF 0 Comment

The corporate regulator is placing focus on accountants who could be harming retail investors by inappropriately providing “sophisticated investor certificates”.

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