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ASX LIMITED — Capital/Financing Update 2024
Feb 18, 2024
64439_rns_2024-02-18_56615ba5-f0ec-46a5-b36b-b8c2749c3ec7.pdf
Capital/Financing Update
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19 February 2024
Australian Securities and Investments Commission Mr Benjamin Cohn-Urbach Senior Executive Leader, Market Infrastructure Level 5, 100 Market Street SYDNEY NSW 2000
ASX Market Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000
ASX ANNOUNCES A$275 MILLION MEDIUM TERM NOTES ISSUE
ASX is pleased to announce that it has today priced its inaugural notes issue, an A$275 million issue of floating rate, unsecured medium term notes under its newly established Medium Term Notes Programme dated 18 August 2023 ( Notes ).
The Notes have a coupon of 3 month BBSW + 93bps, were priced at par and mature on 26 February 2027. They are denominated in Australian dollars, and issued to Australian and international institutional investors. They do not qualify for retail investor distribution.
Subject to customary conditions precedent, settlement of the Notes is expected to occur on 26 February 2024.
Westpac is acting as sole lead manager and underwriter for the proposed issue.
ASX will use the proceeds from the Notes for general corporate purposes.
Managing Director and CEO Helen Lofthouse said: “This is the first corporate bond issue by ASX and I’m very pleased by the support we’ve received. This issue forms part of our flexible capital management strategy which supports the long term sustainability of ASX.”
ASX continues to maintain a solid investment grade credit rating of AA- on stable outlook with S&P.
Release of market announcement authorised by:
Johanna O’Rourke
Group General Counsel and Company Secretary
Further enquiries:
Analysts and Investors
Media
David Park Manager, Media and Communications
David Park Simon Starr Manager, Media and Communications GM, Investor Relations and Sustainability T +61 2 9227 0010 T: +61 2 9227 0623 M +61 429 595 788 M: +61 416 836 550 E [email protected] E: [email protected]
20 Bridge Street Sydney NSW 2000
PO Box H224 Customer service 13 12 79 Australia Square NSW 1215 asx.com.au
ASX Limited ABN 98 008 624 691