Four brokers in $192m MCP Master Income Trust placement
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Metrics Credit Partersâ MCP Master Income Trust is seeking to raise up to $191.8 million to further diversify its loan portfolio.
MCP Master Income Trust was raising money on Thursday. Â
Louise Kennerley
Brokers Morgans, Ord Minnett, Taylor Collison and Wilsons were lead managers on the the deal, and were offering new shares in the placement to funds for $2 each.
MCPâs shares last traded at $2.03.
Funds were told that MCPâs responsible entity would issue up to 95 million ordinary units in the trust for the placement, which represented about 15 per cent of the trustâs issued capital.
The Australian share market is set to swell at the open, following positive tailwinds from the US. All 3 major US benchmarks rebounded after their worst day of trade in three months. Oil, gold and iron ore however all dropped overnight.
Local economic news
Today the Reserve Bank of Australia will release data on private sector credit for the month of December, and the Australian Bureau of Statistics will release producer prices for the December quarter.
Markets
To the figures from around the globe: Wall Street closed higher yesterday: The Dow Jones Industrial Average gained almost 1 per cent to 30,603, the S&P 500 added almost 1 per cent also to 3787 and the NASDAQ closed 0.5 per cent higher at 13337.
On the final trading session of 2020 the Australian share market looks set to open lower this morning despite shares rising on Wall Street. A higher stimulus cheque of $2,000 for Americans has stalled in the US as Senate majority leader Mitch McConnell blocked the bill for the extra coronavirus relief package. The UK government has introduced stricter coronavirus restrictions for millions of people as cases continue to rise. Back home New South Wales and Victoria are on high alert for New Year’s Eve gatherings as Covid cases rise.
Markets
Wall Street higher: The Dow Jones Industrial Average added 0.2 per cent to 30,410, the S&P 500 is up 0.1 per cent to 3732 and the NASDAQ closed 0.2 per cent higher at 12,870.