Australian Unity issues Australian-first MCI

12 January 2021

With interest rates at all-time lows, and term deposits lucky to be paying 0.5%, investors have simply been forced to look for alternative income-generating investments. The share market has obliged, but not only in the form of normal equity dividends – but in newer listed income-bearing investments.

One of the most recent offerings came last week, when member-owned private health company Australian Unity Limited issued $120 million worth of mutual capital instruments (MCIs), at a face value of $100 per security.

Continue reading: Australian Unity issues Australian-first MCIThe Inside Advisor, 12 January 2021

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