| Solactive Launches Subordinated Bank Bond Index for Betashares in Australia
May 17, 2024--Solactive has launched the Solactive Australian Major Bank Subordinated Index in partnership with Betashares, a leading exchange traded fund (ETF) provider in Australia. To be eligible for inclusion in the index, bonds must have amounts outstanding of at least $500 million and a remaining maximum term to maturity of 10 years.
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| The Solactive Australian Major Bank Subordinated Index tracks the performance of a portfolio of Basel III Tier 2 subordinated floating rate bonds issued by Australia's four largest banks- Australia and New Zealand Banking Group Limited (ANZ), Commonwealth Bank of Australia, National Australia Bank Limited (NAB), and Westpac Banking Corporation. The Australian major banks remain the foundational pillars of the banking system, and Australian banks are generally considered some of the best capitalised major financial institutions in the world. |