The Australian Corporate Bond Company (ACBC) has expanded its range of ASX-listed exchange-traded bonds (XTB) with the launch of six senior floating rate notes.
The six 'floaters' are the first XTBs to be listed over bank bonds, providing investors with a stable investment vehicle that is not as sensitive to interest rate changes, an ACBC-issued statement said.
ACBC chief executive and co-founder Richard Murphy said: “We are excited about the potential opportunities these new XTBs can bring.
“XTB floaters are high-quality, capital-stable instruments that share many of the attributes of cash investments and the benefits of trading on the ASX.”
According to the statement, “floaters should typically deliver a higher return than 'at-call’ cash accounts over time".
“In addition, floaters have advantages relative to term deposits in that they can be sold at any time and can be seen as an ASX-traded alternative," the statement said.
The bank bonds have been issued by AMP, Bank of Queensland, NAB and Suncorp-Metway.
President Donald Trump has called for another US$2 trillion in stimulus just days after a controversial hedge fund manager urged him to spen...
Forecasts have placed global GDP growth as low as -10 per cent for the first half, while the IMF has indicated it is concerned for the year ...
An investment manager has predicted ASX 200 payouts could be cut by a third or more during the next 12 months, with the coronavirus outbreak...