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Road Test: Fixed interest resettable trust securities.
(From ABIX - Australasian Business Intelligence - Shares)
Byline: Tony Rumble
The Westpac Banking Corporation has launched a $A600m issue of fixed interest resettable trust securities (FIRsTs). During the issue's initial offer period interest from investors was strong. Westpac's FIRsTs offer a dividend of 6.5% per year and appear to be ...
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