IPO Gryphon capital income trust

  1. 2,072 Posts.
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    http://www.gcapinvest.com/gci/
    anyone had a look at this IPO ?
    seeking to raise $350M
    LIT structure
    ASX code GCI
    investing in RMBS & ABS ,  floating rate
    target returns RBA cash rate + 3.5% ( after fees )  ie  about 5% p.a  at current rates.
    might be a useful diversifier to an equity portfolio
    Australian RMBS has ( so far ) been a pretty safe investment, but yes there are potential  risks
 
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