Redemption of APA Group Subordinated Notes
APT Pipelines Limited (Issuer) intends to redeem all of the Subordinated Notes (Notes) on 31 March 2018 (Redemption Date).
Note Holders who are on the register at close of trading on 23 March 2018 (being the Record Date) will be entitled to be paid the Redemption Amount on the first business day after the Redemption Date, being 3 April 2018.
The Redemption Amount will be calculated as follows:
- $100 per Note (being the Face Value); plus
- a final interest payment of $1.5510 in respect of each Note for the Interest Period commencing 1 January 2018 and ending on 31 March 2018.
No action is required by Note Holder in respect of the redemption. It is expected that trading of the Notes will cease at close of trading on 21 March 2018.
A redemption notice will be issued on 21 February 2018 to the Trustee and each Holder registered as at close of trading on 16 February 2018. A form of the redemption notice is set out in Schedule 1.
The redemption will be part funded by the proceeds of the pro-rata accelerated institutional tradeable retail renounceable entitlement offer and part funded by existing corporate facilities.
For more information, please call the APA Group Investor Information line on 1800 922 312 (toll free within Australia) or +61 1800 922 312 (from outside Australia) from 8.30am to 5.30pm (Sydney time) Monday to Friday (excluding public holidays).
Scroll below for frequently asked questions.