Liberty Financial prices its second MTN Issue

Liberty Financial Pty Ltd (“Liberty”) today successfully priced its second and largest senior unsecured medium term note issue (“the Notes”). This A$200 million issue is twice the size of the inaugural issue in 2015. Commonwealth Bank and Westpac Institutional Bank are Joint Lead Managers.

The transaction comprises A$200 million of fixed rate Notes due 1 June 2020. The Notes will bear a fixed interest rate of 5.10% per annum, payable semi-annually.

The Notes will be issued pursuant to the Information Memorandum dated 5 March 2015 and the related pricing supplement. The transaction will settle on 1 June 2017. 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 second issuance by Liberty was well supported by investors which is an endorsement of the durability and strength of Liberty’s distinguished business model.”

Commonwealth Bank, Alexandra Licurse, Director, Debt Capital Markets Origination added “The issue is in line with Liberty’s financing strategy in providing diversification to its funding programs and demonstrates investors willingness to support issuers across various structures.”

“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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