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Australia’s Goodman gets tenders for £129.03 million of 9.75% notes
By Susanna Moon
Chicago, Sept. 20 – Goodman Group said that Goodman Australia Finance Pty Ltd. obtained tenders for £129,033,000 of its £250 million 9.75% guaranteed senior notes due July 16, 2018.
The tender offer price will be 107.162% of par using a reference rate of 0.345% and a tender offer yield of 0.897%, according to a company announcement.
Pricing was set at 6 a.m. ET on Sept. 19 using the 1.25% U.K. Treasury gilt due July 22, 2018 plus 55 basis points.
Holders also will receive accrued interest to but excluding the purchase date of Sept. 21.
The tender offer ended at noon ET on Sept. 18. The offer began Sept. 5.
HSBC Bank plc (+44 20 7992 6237 or LM_EMEA@hsbc.com) is the dealer manager. D.F. King Ltd. (+44 20 7920 9700, +852 3953 7230, goodman@dfking.com or https://sites.dfkingltd.com/goodmanGBPoffer) is the information and tender agent.
Goodman Group said on Sept. 5 that it was holding a concurrent but separate offer via modified Dutch auction for two series of dollar-denominated senior debt securities due 2021 and 2022.
Goodman Group is a Sydney, Australia-based property group.
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