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.
The Notes will mature on 22 March 2037, unless redeemed earlier. Tabcorp may, but is not obliged to, redeem Notes on 22 March 2017 (i.e. the First Call Date) or any later Interest Payment Date.
Tabcorp Subordinated Notes were issued on 22 March 2012 at a price of $100 each and the minimum investment was only $5,000.