In 2012, Tabcorp raised $250 million from the offer of Tabcorp Subordinated Notes pursuant to the Prospectus dated 22 February 2012.
Tabcorp Subordinated Notes are listed on the ASX under the code TAHHB, and holders are entitled to receive quarterly interest payments equal to the sum of the 3 month Bank Bill Rate plus a margin of 4.0% p.a.
Tabcorp Subordinated Notes were issued on 22 March 2012 at a price of $100 each and the minimum investment was only $5,000.
Tabcorp has announced its intention to redeem the Subordinated Notes on 22 March 2017 (i.e the First Call Date). To find out more about the intended redemption, including the relevant dates and amounts payable on 22 March 2017, please read the Tabcorp announcement dated 2 February 2017.