Liberty Financial Pty Ltd (“Liberty”) today successfully priced its tenth senior unsecured medium-term note issue (“MTN”). Since establishment of the MTN program, Liberty has issued an aggregate value of approximately A$1.7 billion. Deutsche Bank, National Australia Bank and Westpac Institutional Bank are Joint Lead Managers.
The transaction comprises A$200 million of five-year floating rate MTN due 25 May 2026. The MTN will bear an interest rate of three-month BBSW plus 2.55%, payable quarterly.
The MTN will be issued pursuant to the Information Memorandum dated 5 March 2015 and the related pricing supplement. The transaction will settle on 25 March 2021. Liberty is investment grade rated BBB- (Positive Outlook) 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.”
Jake Woods, Director, Westpac Institutional Bank, said: “With their tenth 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 Financial Group Limited (ACN 125 611 574) and Liberty Fiduciary Ltd (ACN 119 884 623).