Website guest login
Shareholders
- Archived media releases by release date
- Archived media releases by Group company
- Archived media releases by project/release classification
- Archived media releases by location
Media releases
Leighton Notes Prospectus Lodged With ASIC
Issue Date: 29 October 2003Issued By: Leighton Holdings Limited
Company Announcements Office
The Australian Stock Exchange Limited
Level 4
20 Bridge Street
Sydney NSW 2000
Re: Leighton Notes Prospectus Lodged With ASIC
Dear Sir,
Please find attached a copy of a media release to be issued today by Leighton Holdings Limited and a copy of the Leighton Notes prospectus lodged earlier today with ASIC.
Yours sincerely,
A.J. MOIR
Company Secretary
Leighton Notes Prospectus Lodged With ASIC
Date: 29 October 2003
Issued by: Leighton Holdings Limited
Leighton Holdings Limited (Leighton) announced today that a prospectus for the issue of up to $200 million worth of convertible unsecured subordinated resettable notes (Leighton Notes) has been lodged with the Australian Securities and Investment Commission.
The issue forms an important part of Leighton’s capital management program and will provide access to additional balance sheet facilities to support continued growth in the Group’s core business.
An initial margin of 1.90% has been determined following strong support from both institutional investors and retail brokers in the bookbuild completed on 28 October 2003. The interest rate from the issue date (expected to be 9 December 2003) until the first reset date on 30 November 2008 will be fixed at the higher of 1.90% above the 5 year swap rate on the issue date and 7.70%.
Leighton Holdings Deputy Chief Executive Officer and CFO, Mr Dieter Adamsas said, “We are very pleased with the outcome, both in terms of pricing and the quality of investors participating in the bookbuild.”
“We have seen a strong response from institutional investors and participating brokers on behalf of their retail clients. This strong support has ensured pricing which will provide Leighton with a very competitive funding base for our growth ambitions,” he said.
Other key features of the Leighton Notes offer include:
The Australian Stock Exchange Limited
Level 4
20 Bridge Street
Sydney NSW 2000
Re: Leighton Notes Prospectus Lodged With ASIC
Dear Sir,
Please find attached a copy of a media release to be issued today by Leighton Holdings Limited and a copy of the Leighton Notes prospectus lodged earlier today with ASIC.
Yours sincerely,
A.J. MOIR
Company Secretary
Leighton Notes Prospectus Lodged With ASIC
Date: 29 October 2003
Issued by: Leighton Holdings Limited
Leighton Holdings Limited (Leighton) announced today that a prospectus for the issue of up to $200 million worth of convertible unsecured subordinated resettable notes (Leighton Notes) has been lodged with the Australian Securities and Investment Commission.
The issue forms an important part of Leighton’s capital management program and will provide access to additional balance sheet facilities to support continued growth in the Group’s core business.
An initial margin of 1.90% has been determined following strong support from both institutional investors and retail brokers in the bookbuild completed on 28 October 2003. The interest rate from the issue date (expected to be 9 December 2003) until the first reset date on 30 November 2008 will be fixed at the higher of 1.90% above the 5 year swap rate on the issue date and 7.70%.
Leighton Holdings Deputy Chief Executive Officer and CFO, Mr Dieter Adamsas said, “We are very pleased with the outcome, both in terms of pricing and the quality of investors participating in the bookbuild.”
“We have seen a strong response from institutional investors and participating brokers on behalf of their retail clients. This strong support has ensured pricing which will provide Leighton with a very competitive funding base for our growth ambitions,” he said.
Other key features of the Leighton Notes offer include:
- Cumulative interest payable semi-annually in arrears;
- Ranking ahead of Leighton ordinary shareholders; and
-
Indicative ‘BBB-‘ rating by Standard & Poor’s.
Leighton will apply for quotation of Leighton Notes on ASX.
Settlement of the issue has been underwritten by the Lead Managers to the issue, Deutsche Bank AG and Macquarie Equity Capital Markets Limited.
Investors wishing to apply for Leighton Notes will need to complete and return the application form attached to or accompanying the prospectus during the offer period. It is expected that the offer will open on 6 November 2003 and close on 1 December 2003.
Holders of Leighton ordinary shares, with a registered address in Australia on the register as at 7.00pm on 20 October 2003, will be advised shortly by Leighton how to obtain a prospectus with a personalised application form. Shareholder applicants using this personalised application form will receive preferential treatment over general public applicants, if there is excess retail demand in the Leighton Notes offer.
Full details of the Leighton Notes offer are contained in the prospectus which is available from the Leighton website at www.leighton.com.au or by calling the Leighton Notes InfoLine 1800 105 308.
Issued by:
Leighton Holdings Limited
A.C.N. 004 482 982 A.B.N. 57 004 482 982
For further information:
MR DIETER ADAMSAS
Deputy Chief Executive Officer & CFO
Ph: (02) 9925 6923
Settlement of the issue has been underwritten by the Lead Managers to the issue, Deutsche Bank AG and Macquarie Equity Capital Markets Limited.
Investors wishing to apply for Leighton Notes will need to complete and return the application form attached to or accompanying the prospectus during the offer period. It is expected that the offer will open on 6 November 2003 and close on 1 December 2003.
Holders of Leighton ordinary shares, with a registered address in Australia on the register as at 7.00pm on 20 October 2003, will be advised shortly by Leighton how to obtain a prospectus with a personalised application form. Shareholder applicants using this personalised application form will receive preferential treatment over general public applicants, if there is excess retail demand in the Leighton Notes offer.
Full details of the Leighton Notes offer are contained in the prospectus which is available from the Leighton website at www.leighton.com.au or by calling the Leighton Notes InfoLine 1800 105 308.
Issued by:
Leighton Holdings Limited
A.C.N. 004 482 982 A.B.N. 57 004 482 982
For further information:
MR DIETER ADAMSAS
Deputy Chief Executive Officer & CFO
Ph: (02) 9925 6923