ANZ anz group holdings limited

help: advantages of pref shares, page-8

  1. 10,373 Posts.
    lightbulb Created with Sketch. 4
    The notes don't pay a "dividend" per-se, they pay 250bp about the floating 90 BBSW.

    In effect you are locking in the return on your investment to that of the prevailing 90day BBSW.
 
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