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Corporate Update - July 2010
23 Jul 2010
One scoop or two? Vanilla bonds - easier corporate debt raising for listed entities
By Andrew Lind of Gadens Lawyers, Sydney
ASIC is making it easier for listed companies to issue listed corporate bonds. ASIC's stated intention is to reduce the time and expense involved in making corporate bonds available to retail investors. ASIC Class Order 10/321 allows offers of "vanilla bonds" to be made under a simplified prospectus.
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