Macquarie launches new listed loan series
Macquarie Securities Group has launched 51 different listed protected loan products on the Australian Securities Exchange (ASX) following a successful take up of its first ever MQ LPL series in May.
The June offering of MQ LPL offers investors tax efficient funding on a capital protected basis in the lead up to June 30, according to associate director of Macquarie Securities Group Pia Cooke.
She said the June offering was intended to “build on the successful take-up by investors of its first offering in May and represents the start of a Macquarie plan to offer MQ LPL on a quarterly basis.
“The combination of capital protection, tax efficiencies and the flexibility of trading on the ASX has proved enticing for sophisticated retail investors.
“We are looking to build on this as advisers and investors become more aware of the benefits of [listed protected loans], which remain an attractive investment proposition for investors who want capital protection with tax efficiencies,” she said.
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