Wealth Focus has secured access to an allocation of Mercantile Investment Company Limited Notes IPO. Investors looking to apply for an allocation will need to contact us on 1300 559 869 by Close Of Business of Friday 10th June.
Allocations may still be available after this date but will be allocated on a first come first served basis.
Mercantile Investment Company Limited Notes
Mercantile Investment Company have just launched a 5 year Note with a fixed yield of 8%pa.
This is a relatively simple structure that allows investors to focus on the key investment risks of the underlying portfolio versus overall debt. Unlike the bank hybrids that are currently yielding close to 7%pa, late distributions and repayment (in 5 years) are default events, and the underlying exposure is across a diversified range of asset classes.
Overall, this looks to be priced well for investors. |