News Round Up

Macquarie Equities has launched the New Zealand investment statement for Generator Income Notes, an Australian dollar investment.

It is the second in a series of high-income corporate debt products issued in Australia by Generator Investments Australia and the first to be offered in New Zealand.

Generator Income Notes were developed with two major differences from other similar CDO investments available in New Zealand or Australia.

Firstly, Generator Income Notes are expected to receive a AAA rating (from Standard & Poor’s) on the return of capital at maturity. This is the first time such a rating has been provided to an Australian-issued income investment.