International Law

ASIC issues corporate bond prospectus relief

By David Jacobson

ASIC has announced class order relief which will help promote the issue of vanilla corporate bonds to retail investors.

The ASIC initiatives will allow certain offers of listed vanilla bonds to be made with reduced disclosure under a short-form prospectus. The measures will also allow vanilla bonds to be offered under a two-part prospectus, comprising a base prospectus (which may be used for a number of different offers) and a second part prospectus (which will relate to a particular offer).

ASIC has also announced class order relief to facilitate offers of convertible notes to wholesale investors.

Full post as published by Australian Regulatory Compliance Review on May 12, 2010 (boomark / email).