27 May 2016
Lendlease completes issue of 10-year USD$400 million of senior
unsecured notes
27 May 2016
Lendlease today announced the completion of its issue of USD$400 million of senior unsecured
notes, maturing in May 2026. The notes were issued via Lendlease’s recently established Euro
Medium Term Note Programme.
The fixed rate notes were issued at US Treasuries plus 280 basis points, paying a coupon of
4.5 per cent per annum payable semi-annually.
The proceeds from the issue will be used for general corporate purposes including repayment of
drawings under existing revolving bank facilities.
Lendlease Group Chief Financial Officer, Tarun Gupta, said this issue illustrated Lendlease’s
strong credit profile and provides longer term capacity and flexibility to fund Lendlease’s pipeline.
“Lendlease aims to achieve an effective mix of funding by maintaining an appropriate balance
between bank facilities and global capital markets. Issuing these notes diversifies our sources of
funding and extends our average debt maturity for the Group to 5.4 years following this issue1,”
said Mr Gupta.
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT:
Investors:
Suzanne Evans
Tel: 02 9236 6464
Mob: 0407 165 254
Media:
Nadeena Whitby
Tel: 02 9236 6865
Mob: 0467 773 032
1
Pro-forma 31 December 2015 average debt maturity, adjusted for the refinancing of Lendlease’s sterling
club bank facility and 10-year US dollar senior unsecured notes
Lendlease Corporation Limited ABN 32 000 226 228 and
Lendlease Responsible Entity Limited ABN 72 122 883 185 AFS Licence 308983
As responsible entity for Lendlease Trust ABN 39 944 184 773 ARSN 128 052 595
Level 4, 30 The Bond
30 Hickson Road, Millers Point
NSW 2000 Australia
Telephone +61 2 9236 6111
Facsimile +61 2 9252 2192
lendlease.com