The latest update is out from Insignia Financial Ltd ( (AU:IFL) ).
Insignia Financial Ltd has declined an early redemption request from National Australia Bank for $200 million of subordinated loan notes, which were issued to finance the acquisition of MLC Wealth Limited. As a result, the coupon on these notes will increase from 1% to 4%, and the Additional Return Amount will be frozen based on the current share price. This decision impacts Insignia Financial’s financial liabilities and will affect its profit and loss statement in the second half of 2025.
More about Insignia Financial Ltd
Insignia Financial Ltd is a leading Australian wealth manager with origins dating back to 1846. The company provides financial advice, superannuation, wrap platforms, and asset management services to members, financial advisers, and corporate employers.
YTD Price Performance: 20.59%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.77B
Find detailed analytics on IFL stock on TipRanks’ Stock Analysis page.