Company expands range of XTBs

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The Australian Corporate Bond Company (ACBC) has again expanded the range of Exchange Traded Bonds.

The ACBC has announced the release of an additional four fixed rate XTBs, taking the suite of total XTB offerings to 33. The tranche includes a senior bond from each of Bank of Queensland and National Australia Bank, as well as senior bond coverage of Coca Cola Amatil and Sydney Airports bonds. The indicative yields of these new XTBs ranged between 2.70% and 2.93% on 20 November 2015.

ACBC chief executive and co-founder Richard Murpy said XTB offerings were now covering a wide range of industry sectors, including banks, mining, property, transport & infrastructure, entertainment, manufacturing, telecommunications, airlines, airports, diversified industrials, retailing, energy, and consumer goods.

“Corporate bonds offer an important way for retail investors to diversify their investment portfolios, bringing capital stability and certainty of income. The expansion of XTBs on offer over recent weeks strongly reinforces our commitment to opening the corporate bond market up to retail investors, and allows investors to pick and choose the bonds they wish to gain exposure to,” Murphy said.

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