Crown launches a buyback offer for its 2019 domestic notes
- Monday, 01 May 2017
Crown Group Finance (Crown) launched an offer to buy back all or some of its November 2019 Australian dollar notes on 1 May. The purpose of the offer is, among other objectives, to reduce the cost of Crown’s outstanding liabilities and to optimise its liquidity portfolio.
The repurchase offer details are as follows:
| Issue date | Maturity date | Coupon (%) | Aggregate principal amount outstanding (A$m) | Minimum offer spread (bp/s-q swap) | Maximum offer spread (bp/s-q swap) |
|---|---|---|---|---|---|
| 7 Nov 14 | 18 Nov 19 | 4.5 | 450 | 105 | 115 |
Source: Tender managers 1 May 2017
Dealer and tender managers are ANZ and Commonwealth Bank of Australia. The closing date for the tender offer is 12 May.
Global Reach. Local Expertise
KangaNews is the trading name of BondNews Limited, a company registered in the UK and Australia. With our head office in Sydney and a satellite office in Europe, we are positioned to provide a one-stop information service on the Australasian fixed-income markets.
NEWS
QUICK LINKS
START YOUR FREE TRIAL
© Copyright 2026 KangaNews
Global Reach. Local Expertise
About us
Terms of Use
Privacy Policy
Contact