Series C and Series D Australian Unity Bonds—Tranche 1 Offer
On 15 October 2019, Australian Unity Limited issued $322.0 million of Series C and Series D Australian Unity Bonds - Tranche 1 (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 Series B Australian Unity Bonds that participated in the Reinvestment Offer and for general corporate purposes.
The Offer closed on 8 October 2019 and the Bonds commenced trading on the ASX on 18 October 2019 under the codes ‘AYUHC’ and ‘AYUHD’. Each Bond has a Face Value of $100.
Series C and Series D Australian Unity Bonds – Tranche 1 (‘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). The Series C Bonds have a fixed margin of 2.00 percent and the Series D Bonds have a fixed margin of 2.15 percent per annum.
The interest rate payable for the Bonds for each interest period is announced on the The interest rate payable for the Bonds for each interest 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 Bond Terms).
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.
Documents incorporated by reference into the Offer documents
Documents incorporated by reference in the Offer Documents filed with ASIC on 9 September 2019 and on 17 September 2019 (as applicable):
- Information on Australian Unity’s directors (Download PDF)
- Information on the remuneration of Australian Unity’s senior management (Download PDF)
- Trust Deed (Download PDF)
- Base Terms (Download PDF)
- Financial Ratios worked example (Download PDF)
- Replacement Offer Specific Terms (Download PDF)
- Consents to be named (Download PDF)
- Summary of interests and benefits (Download PDF)
- Australia Ratings Financial Services Guide (Download PDF)