The Channel Islands Stock Exchange (CISX) is now considered a 'recognised' exchange by the Australian...
The Channel Islands Stock Exchange (CISX) is now considered a 'recognised' exchange by the Australian Stock Exchange (ASX), opening up the possibility of an influx of Australian-based products. The first of these is a specialised security, which has been issued by an Australian insurer and reinsurer. QBE Capital's mandatory convertible preference shares needed to be listed on a stock exchange recognised by the Australian Stock Exchange as a condition of issuance. The issue, underwritten by Merrill Lynch, is called 'Feline Prides'. It is a hybrid product offering a coupon while deferring dil...
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