“The proceeds raised under this placement will allow us to continue providing a valuable source of non-bank finance to Australian companies, ensuring greater portfolio diversification for MXT, and in turn, deliver enhanced outcomes for our investors.”
joint lead managers Morgans, Taylor Collison, E&P Capital, Ord Minnett and NAB raised $315million at $2 a share
Metrics funds and Pinnacle associated entities had put up $100 million to cornerstone the raising. However, this was scaled back to roughly $21 million given the demand.
The effort shows retail investors’ continued demand for private credit against the backdrop of volatile equity markets and the phasing out of the $43 billion bank hybrid market.
After the raise, the Metrics Master Income Trust will hold a $2.44 billion net asset value
