We are pleased to announce that TZNOTES have matured and been deemed in full.
These securities provided a return of approximately 7.5% over clients’ period of ownership since issued in 2016 - which has boosted returns in a low rate environment.
The notes have been replaced with shorter-dated secured notes, which appear in client accounts as TZLSEC.
The newly issued notes have a term of one year and attract a floating rate of interest that reflects the business’ improve balance sheet (BBSW90 + 4.5%).
The above market commentary represents the views and opinions of First Samuel Pty Ltd. Such market commentary contains information of a general nature only. Such market commentary is not intended to provide a sufficient basis on which to make any investment decision and should not be taken as such. It has not taken into consideration your objectives, needs or financial situation. Before making decisions in relation to any financial product, you should always obtain and read any relevant Product Disclosure Statement or information statement and seek personal financial advice.