The Australian Bond Exchange is pleased to announce the launch of its latest Bond Linked Security for Under Armour at a fixed yield of 6% per annum until June 2026.
Under Armour is a global sports equipment brand (NY Stock Exchange: UAA) with a market capitalisation of approximately USD $4 billion. It develops, markets and distributes branded performance and high technology sports apparel, as well as fitness tracking technology.
The Australian Bond Exchange’s Director – Investment Advisory, Timothy Sylvester said: “We are pleased to offer investors another highly attractive, well-price product. This marks the X unique linked bond we have brought to market in 2022, all of which are receiving strong demand.
“In light of recent market volatility, it’s never been more important to have a balanced portfolio, of which bonds can play an important part. We are increasingly being approach by private investors who want to engage with the bond market in a safe and transparent fashion, and that is incredibly pleasing.”
The key highlights of the bond issue are as follows: The bonds have a fixed coupon rate of 6.00% per annum paid every 6 months. It’s a 3.9 year note (June 2026 maturity) with an issue price of A$100. The Australian Bond Exchange code is C2UF060026 with a minimum investment requirement of A$10,000. All coupons are delivered in Australian dollars with the Bond Linked Security fully currency hedged into AUD removing any currency risk.
Additional bonds launched by The Australian Bond Exchange include Land Rover at 4.5% fixed rate, (maturity in 2026), Xerox Corporation 4.5% fixed rate (maturity 2028) and Goodyear Tyres 4.5% fixed rate (maturity 2027),
About The Australian Bond Exchange
The Australian Bond Exchange Pty Ltd (ABE) is Australia’s exchange marketplace for investing in fixed income securities. They operate under Australian Financial Services Licence 484453 and Australian Business Number 73 605 038 935
The bonds on offer at the Australian Bond Exchange offer secure income streams using reliable and stable returns and less fees. They are selected following a strict governance process that includes quotation rules, advanced credit analysis, independent advisors and independent research firms.
ABE was founded by a team of four who each have more than 20 years’ experience in the financial and IT industry, ABE seeks to provide Australian Investors with access to the Australian Bond Market. At ABE, investing in corporate bonds means you get the best of both worlds: higher returns and lower risk so you can worry less about where you hard-earned wealth is going.
The management team have not just worked in Australia but also Singapore, London, New York, China, Switzerland. They know how well Australia is placed in the global economy and can use that wealth of knowledge to help keep client investments growing with stability. From trading in private firms and big banks to working with the regulators to design the banking rules. ABE have worked closely with the infrastructure that supports all the biggest financial exchanges. This means they have in-depth knowledge and experience of all aspects of the financial system.
Make the Australian Bond Exchange is your go-to company in Australia for investing in bonds.
ABE is licensed to provide specific financial advice, deal directly in bonds, and provide custodial services to both retail and wholesale customers.
Learn more about the Australian Bond Exchange by visiting their website here: https://www.bondexchange.com.au/
Name: Max Hewett
Email: Send Email
Organization: The Australian Bond Exchange
Address: Level 19, 1 O’Connell Street, Sydney, NSW 2000, Australia
Release ID: 89084884
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