The NASDAQ-listed Goodyear develops, manufactures, and sells tires for cars, trucks, busses, aircraft, and earthmoving and mining and industrial equipment in 48 facilities in 21 countries. The company earned $US17.5 billion in revenue in 2021, more than leading Australian companies such as Commonwealth Bank of Australia and National Australia Bank.
Mr Markus Mueller, co-founder of The Australian Bond Exchange, said, “We are delighted to experience strong demand for this bond opportunity that is not usually available in Australia. Goodyear is a leading global consumer discretionary company. This bond can help introduce sector diversification to any investment portfolio. The bond linked security was created specifically with Australian private investors in mind and has the feature that it is issued in Australian dollars with coupons and capital repayment in $AUD eliminating foreign exchange rate exposure. This is the third issue of its kind ABE has done in Australia. The earlier two being bonds linked to Xerox and Jaguar Land Rover.”
These are the key bond details: C2 Bond Linked security, 4.5%p.a. fixed rate, 5 year note with coupons paid half yearly and ABE enhancing liquidity via secondary market.
About The Australian Bond Exchange
The Australian Bond Exchange Pty Ltd (ABE) is Australia’s pre-eminent marketplace for investing in fixed income securities. They operate under Australian Financial Services Licence 484453 and Australian Business Number 73 605 038 935
They offer better income, with less fees using the reliable and stable returns of corporate bonds for clients dissatisfied with highly volatile or lower-yielding investments.
Founded by a team of four who each have more than 20 years experience in the financial and IT industry, Australian Bond Exchange 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 values 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.
This experience means that The Australian Bond Exchange is the go-to company in Australia that 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
The Australian Bond Exchange
The Australian Bond Exchange
Level 19, 1 O’Connell Street
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Edition Biz journalist was involved in the writing and production of this article.