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DRIVER AUSTRALIA MASTER TRUST — Capital/Financing Update 2023
Jun 13, 2023
64757_rns_2023-06-13_17c3cd57-acd7-48cf-9744-1d019c63f712.pdf
Capital/Financing Update
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An investment in the Notes that are the subject of these Final Terms is only suitable for financially sophisticated investors who are capable of evaluating the merits and risks of such investment and who have sufficient resources to be able to bear any losses (including the total loss of the invested amount) which may result from such investment.
Final Terms
25 May 2023
PERPETUAL CORPORATE TRUST LIMITED in its capacity as trustee of the Driver Australia Master Trust
( incorporated with limited liability in Australia with ACN 000 341 533 )
as Issuer
for the issuance of the
A$22,400,000 Series 2019-1 Class A Notes
issued in registered form pursuant to the
A$3,000,000,000 Programme for the Issuance of Notes
These Final Terms are issued to supplement the information in relation to the issue of Class A Notes by Perpetual Corporate Trust Limited in its capacity as trustee of the Driver Australia Master Trust under the A$3,000,000,000 Programme for the issuance of Notes (the " Programme ").
Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Offering Circular. Capitalised terms not otherwise defined herein shall have the meaning specified in the Conditions of the Class A Notes. All references in these Final Terms to numbered Conditions are to be read as reference to the respective Conditions of the Class A Notes.
Solely for the purpose of each manufacturer’s product approval process, the target market assessment in respect of the Class A Notes has led to the conclusion that: (i) the target market for the Class A Notes is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended, "MiFID II"); and (ii) all channels for distribution of the Class A Notes to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the Class A Notes (a "distributor") should take into consideration the manufacturers’ target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Class A Notes (by either adopting or refining the manufacturers’ target market assessment) and determining appropriate distribution channels.
| 1 | Issue Price: | A$22,400,000 |
|---|---|---|
| 2 | Initial Issue Date: | 25 June 2019 |
| 3 | Further Issue Date | 25 May 2023 |
| 4 | First occurring Payment Date with respect to theFurther Notes of Series 2019-1 Class A Notesthe subject to these Final Terms: | 26 June 2023 |
Final Terms – Series 2019-1 Class A Notes
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King & Wood Mallesons 62548340_1
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----- Start of picture text ----- 5 Class A Series Number: 2019-16 Tranche Number: 137 Aggregate Nominal Amount of Further Notes the AUD22,400,000subject of these Final Terms:8 Aggregate Nominal Amount of Series 2019-1 AUD185,200,000Class A Notes (including the Notes subject ofthese Final Terms):9 Maximum Issuance Amount of Series 2019-1 AUD 200,000,000Class A Notes:10 Series 2019-1 Class A Notes Interest Rate: 1 month BBSW plus the Margin as set out inCondition 8.311 Series 2019-1 Class A Notes Factor The calculation of the Notes Factor is described in( Condition 7.1(c) ) the relevant definition.12 Amount on which interest is to be paid on the AUD162,800,000Payment Date the date of these Final Terms( Condition 9.1 ):13 Margin ( Condition 8.3 ): 1.50 per cent. per annum (as amended inaccordance with Condition 9.5 ).14 Series 2019-1 Class A Revolving Period Payment Date falling in December 2023 (andExpiration Date: including) (or as extended in accordance withCondition 9.5 ).15 Series 2019-1 Class A Scheduled Repayment Payment Date falling in August 2027 (or asDate ( Condition 9.4 ): extended in accordance with Condition 9.5 as aconsequence of the extension of the Series 2019-1Class A Revolving Period Expiration Date)16 Series 2019-1 Class A Final Maturity Date Payment Date falling in February 2032 (or as( Condition 9.4 ): extended in accordance with Condition 9.5 as aconsequence of the extension of the Series 2019-1Class A Revolving Period Expiration Date)17 Settlement information: Delivery free of payment18 ISIN Code AU3FN004876519 Admission to trading and total expenses: Application has been made for the Series 2019-1Class A Notes subject of these Final Terms to beadmitted to trading on the regulated market of theAustralian Securities Exchange with effect from theInitial Issue Date. The total expenses related to theadmission to trading will amount to AUD Nil.----- End of picture text -----
King & Wood Mallesons Final Terms – Series 2019-1 Class A Notes 62548340_1
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