Private Clients » Fixed Interest Products
Fixed interest products such as Term Deposits, Bonds and Floating Rate Notes often play an important role in our clients' investment strategies. For example, in times of extended market volatility they can provide a strong stabilising influence while still delivering strong returns.
Accordingly, we have a dedicated Fixed Interest Desk - staffed by experienced professionals, identifying and evaluating hundreds of Fixed Interest securities daily to provide Ord Minnett clients with the best products available to meet their needs on any given day.
Fixed Interest investments fall into three main categories;
We offer our clients a unique Term Deposit service for our clients (min. $100,000) where we leverage our buying power and long-held professional relationships with a wide range of deposit-taking institutions. This means you can invest easily and efficiently in the most suitable Term Deposit in the market.
Why use this service?
- An investment that is simple and easy to understand
- A rate that is chosen from the majority of banking and deposit-taking institutions in Australia on your behalf
- The certainty of a fixed rate of return over an agreed period of time
- A choice of investment terms from one month to 5 years
- Low brokerage
- A weekly “Term Deposit Rate Sheet” is emailed to you with current rates, range of banks and maturities available.
- Any “special” rates will also be advised to you as required
- On maturity, a simple instruction to rollover, mature or change institution is all that is required.
Ord Minnett has established a strong presence in the unlisted or “professional” fixed income market. This adds to the existing capabilities in the ASX listed fixed interest market, providing our clients with;
- A greater choice of securities in which to invest, and
- Access to securities higher in the capital structure (Senior & Subordinated Debt)
Government
Ord Minnett provides access to an array of Federal and State Government issued bonds, across a choice of maturity profiles. The low coupon capital repayment risk associated with these securities provide strong defensive qualities.
Corporate
There are a number of corporate bonds available in the unlisted bond market. This includes bonds issued by a large number of companies operating across a diverse range of industries. These include retailers (e.g. Woolworths and Wesfarmers), energy and resource companies (e.g. Santos and Woodside), property companies (e.g. Mirvac and GPT) and infrastructure companies (e.g. Transurban and Singapore Power).
The listed fixed interest market now includes both hybrid (part fixed/part equity or convertible) securities and fixed interest securities (fixed and floating).
In September 2010 Ord Minnett was a Joint Lead Manager to the first issue of fixed interest under this new regime – the Primary Health Care Retail Bonds Series A. As a Joint Lead Manager to the issue, Ord Minnett was able to offer clients a firm allocation of the Bonds before they were listed on the ASX.
This is an excellent example of the opportunities that Ord Minnett is able to clients via its dedicated Fixed Interest desk.
