Australia: Clayton Utz advises Tatts Group on $200m issue of Tatts Bonds
Last Updated: 6 June 2012

Melbourne 7 June 2012: Clayton Utz has advised ASX-listed lotteries, waging and gaming company Tatts Group Limited on its Offer of seven-year senior unsecured bonds ("Tatts Bonds") to raise $200 million, with the ability to raise more or less, which opened today.

Clayton Utz capital markets partners Stuart Byrne and Brendan Groves led the Clayton Utz team, which included senior associate Richard Knott, lawyer Warrick Louey, partner Louise McCoach and senior associate Alex Chernishev.

Under the Offer, Tatts is offering seven-year senior unsecured bonds at $100 each, with the bonds expected to be listed on the Australian Securities Exchange from early July.

Commenting on the deal, partner Stuart Byrne said: "We are very pleased to have worked alongside Tatts management and its advisory team in bringing the Tatts Bonds to market. It is the first vanilla bond issue in Australia to utilise the single offer document option under the recently established vanilla bonds regime. With this Offer, Tatts has brought together a household name with the advantages of the vanilla bond structure. We expect that the market will be hoping that there are furthers offers to come in this space."

To print this article, all you need is to be registered on Mondaq.com.

Click to Login as an existing user or Register so you can print this article.

 
Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Press Releases from this Firm
Recent Content from this Firm
By Dean Gerakiteys
By Frank Bannon
By Tosin Aro, Mark Geritz
By Meg McKechnie
By Sergio Capelli
By David Foong, Ken Ooi, Samy Mansour, Brad Vann
By Chris Boge, Daniel Maroske
By Luke Buchanan, Hayden Fielder
By Claire Smith, Lauren Smith
By Michael Richardson, Tim Jones, Anna Trevor
Tools
Print
Font Size:
Translation
Channels