Australian Unity Logo
Home
Investor Centre
Security prices & tools
Bonds

Investor centre

Australian Unity Bonds

Series C, D and E Bonds

Australian Unity Limited (‘Australian Unity’) has three series of simple corporate bonds on issue and listed on the ASX (collectively referred to as the ‘Bonds’):

  • Series C which were issued on 15 October 2019 and trade under the ASX code ‘AYUHC’ (referred to as ‘Series C Bonds’)
  • Series D which were issued on 15 October 2019 and trade under the ASX code ‘AYUHD’ (referred to as ‘Series D Bonds’),
  • Series E which were issued on 28 November 2023 and trade under the ASX code ‘AYUHE’ (referred to as ‘Series E Bonds’)

Key features of the Bonds

The Bonds are simple corporate bonds that provide quarterly interest payments. Key features of the Bonds include:

  • Each Bond has a Face Value of $100
  • The Bonds are unsecured and unsubordinated debt securities
  • The Bonds feature a floating interest rate, based on the three-month BBSW rate as determined on the first day of each interest period (expressed as a percentage per annum), plus a fixed margin of:
    • 2.00 percent per annum for the Series C Bonds
    • 2.15 percent per annum for the Series D Bonds
    • 2.50 percent per annum for the Series E Bonds
  • The interest rate payable for the Bonds for each period is announced on the ASX
  • Interest is scheduled to be paid in arrears at the end of each quarterly interest period (being 14 January, 14 April, 14 July and 14 October in each year) and on the maturity date or any redemption date (subject to the relevant Bond Terms which are available below)
  • On the Maturity Date, holders will receive the Face Value plus the final payment of Interest unless the Bonds are redeemed early in the circumstances set out in the relevant Bond Terms. The Maturity Date:
    • for the Series C Bonds is 15 December 2024
    • for the Series D Bonds is 15 December 2026
    • for the Series E Bonds is 15 December 2028

ASX Announcements

Material (price sensitive information relating to all listed Bonds) will, subject to exceptions under the ASX Listing Rules, be immediately disclosed to the market. To view our disclosures to the market, please refer to our ASX Announcements.

About the Series C Bonds and Series D Bonds

On 15 October 2019, Australian Unity issued $322.0 million of Series C Bonds and Series D Bonds, under the Base Prospectus dated 9 September 2019 and the replacement Offer Specific Prospectus dated 17 September 2019 (together, the Offer Documents).

The proceeds of the Offer were used to refinance the Australian Unity Bonds Series B that were repurchased through the Reinvestment Offer and for general corporate purposes.

Click here to download the Part A—replacement Offer Specific Prospectus and click here to download the Part B—Base Prospectus

Documents incorporated by reference in the Offer Documents filed with ASIC on 9 September 2019 and on 17 September 2019 (as applicable):

About the Series E Bonds

On 28 November 2023, Australian Unity issued $255 million of Series E Bonds, under the Base Prospectus dated 30 October 2023 and the Replacement Offer Specific Prospectus dated 7 November 2023 (together, referred to as the Series E Offer Documents).

The proceeds of the Offer were used to refinance the Australian Unity Bonds Series C that were repurchased through the Reinvestment Offer and for general corporate purposes.

Please view the documents incorporated by reference into the Series E Offer Documents: 

You can also view or download the Target Market Determination in respect of the Bonds.