Liberty Financial prices its fifth MTN issue

Liberty Financial Pty Ltd (“Liberty”) today successfully priced its fifth senior unsecured medium term note issue (“the Notes”). This was Liberty’s second floating rate note MTN. Deutsche Bank, National Australia Bank and Westpac Institutional Bank are Joint Lead Managers.

The transaction comprises A$[*] million of floating rate Notes due [*]. The Notes will bear an interest rate of three month BBSW plus [*]%, payable quarterly.

The Notes will be issued pursuant to the Information Memorandum dated 5 March 2015 and the related pricing supplement. The transaction will settle on [*]. Liberty is investment grade rated BBB- (Outlook Stable) by Standard and Poor’s (Australia).

Allan O’Sullivan, Executive Director, Head of Frequent Borrowers & Syndicate at Westpac Institutional Bank, said “The fifth issuance by Liberty was well supported by new and existing investors which is an endorsement of the durability and strength of Liberty’s distinguished business model.”

Josh Sife, Director, Capital Markets Origination at National Australia Bank added “We are extremely pleased with the investor participation and willingness to support high quality issuers.”

Rod Everitt, Managing Director at Deutsche Bank, said “The pricing of the issue reflected the strong performance of Liberty’s previous issues in secondary markets.”

“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.

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