Halcyon Securities (HLC)

Shares / Stock Code

HLC

Stock Exchange / Sharemarket

Australian Securities Exchange

Halcyon Securities (HLC) is a special purpose company and a fully owned subsidiary of Westpac Banking Corporation. It was established solely for the purpose of issuing a series of unsecured notes linked to the credit performance of a diversified portfolio of 120 domestic and international companies. Investors gain an enhanced interest rate and safety of capital at maturity guaranteed by Westpac. HLC was first listed on the ASX on 6 August 2004.

HLC invests only in companies rated as investment grade by ratings agency Standard & Poor's (S&P). Each company must have an S&P rating not lower than BBB-, and no more than 4% of companies can be rated BBB-.

Major customers/shareholders include small share funds, financial institutions and retail investors. Competitors include other structured income products or listed investment schemes offering fixed or floating interest products.

Halcyon Securities (HLC) Products and Services

  • Issuing a series of unsecured notes linked to the credit performance of a diversified underlying portfolio of 120 domestic and international companies

Halcyon Securities (HLC) Locations and Subsidiaries

Halcyon Securities Head Office
C/o- Westpac Banking Corporation, Level 20, 275 Kent Street,
SYDNEY, NSW 2000
Phone: (02) 8253 3767
Fax: (02) 8253 1888

Halcyon Securities (HLC) Share Price

Submitted by ASX Listed Company on 15 April, 2010 - 22:51

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