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LIBERTY FINANCIAL GROUP — Capital/Financing Update 2021
Mar 16, 2021
65227_rns_2021-03-16_176bb6d3-9e69-47cc-ac59-60f2b3ddc2f9.pdf
Capital/Financing Update
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17 March 2021
LIBERTY FINANCIAL GROUP LIMITED FUNDING ANNOUNCEMENT
Liberty Financial Group Limited (ASX:LFG) announces that its wholly-owned subsidiary, Liberty Financial Pty Ltd (“Liberty”) rated BBB- (Stable) by Standard and Poors, has settled a $200 million issue of Medium-Term Notes.
Following is a copy of the media release issued on day of pricing 10 March 2021.
Peter Riedel Company Secretary +61 3 8635 8005 [email protected]
About the Liberty Group
Liberty Group is a leading diversified finance company in Australia and New Zealand. Its businesses include residential and commercial mortgages, motor vehicle finance, personal loans, business loans, broking services, general insurance and investments. Liberty has raised more than $30 billion in domestic and international capital markets. Since 1997, Liberty has helped more than 500,000 customers get financial.
For immediate release
10 March 2021
LIBERTY FINANCIAL PRICES ITS NINTH MEDIUM-TERM NOTE ISSUE
Liberty Financial Pty Ltd (“Liberty”) today successfully priced its ninth senior unsecured medium-term note issue (“MTN”). Since establishment of the MTN program, Liberty has issued an aggregate value of approximately A$1.5 billion. Deutsche Bank, National Australia Bank and Westpac Institutional Bank are Joint Lead Managers.
The transaction comprises A$200 million of 4 year floating rate MTN due 17 March 2025. The MTN will bear an interest rate of three month BBSW plus 2.45%, payable quarterly.
The proceeds from the issue will be used to redeem the $225 million MTN issue maturing on 9 April 2021 which paid a coupon of 5.10%.
The MTN will be issued pursuant to the Information Memorandum dated 5 March 2015 and the related pricing supplement. The transaction will settle on 17 March 2021. Liberty is investment grade rated BBB(Outlook Stable) by Standard and Poor’s (Australia).
Rod Everitt, Managing Director at Deutsche Bank, said “The pricing of the issue reflected the strong performance of Liberty’s previous issues and performance in secondary markets.”
Josh Sife, Director, Capital Markets Origination at National Australia Bank added “We are extremely pleased with the high-quality and broad range of investor participation in the issue.”
Robert Moulton, Director, Frequent Borrowers & Syndicate at Westpac Institutional Bank, said “With their ninth issuance, Liberty has reinforced its established credentials as a programmatic MTN issuer.”
“Liberty is a leader in providing households and small businesses with the freedom to choose from a wide range of products and services to meet their financial needs. We are grateful for the support of our investors and look forward to continually building a successful MTN program,” added Peter Riedel, Chief Financial Officer at Liberty.
Liberty is a member of the Liberty Financial Group (ASX: LFG).
-ENDS-
About Liberty Financial
Liberty is a leading diversified finance company in Australia and New Zealand. Its businesses include residential and commercial mortgages, motor vehicle finance, personal loans, business loans, broking services, general insurance and investments. Liberty has raised more than $30 billion in domestic and international capital markets. Since 1997, Liberty has helped more than 600,000 customers get financial.
Contact
Peter Riedel Rod Everitt Chief Financial Officer Managing Director Liberty Financial Pty Ltd Deutsche Bank Tel + 61 3 8635 8005 Tel + 61 2 8258 2419 Email [email protected] Email [email protected]
Josh Sife Robert Moulton Director Director National Australia Bank Westpac Banking Corporation Tel + 61 2 9237 1785 Tel + 61 2 8254 1425 Email [email protected] Email [email protected]