Certane has confirmed its appointment as trustee for holders of Australian Unity Limited (ASX: AYU) (Australian Unity) simple corporate bonds ~ Series E – Tranche 1 (Bonds) 2023. The Bonds will pay a floating rate interest, are unsubordinated and unsecured. Australian Unity is seeking to raise $180 million with the ability to raise more or less, subject to a minimum issue of $50 million.
As the trustee for the Bonds, Certane is appointed under the Corporations Act to act on behalf of holders to ensure the issuer (Australian Unity) can meet its obligations.
Certane’s General Manager Corporate Trust & Custody Services, Yvonne Kelaher, welcomed the
opportunity to act as trustee for Australian Unity’s latest simple corporate bonds.
“We are delighted that Certane continues to be appointed by such established and well-renowned companies such as Australian Unity, to support their capital raising requirements.”
“Certane has a proud heritage and deep experience in acting as trustee for notes/debentures. We currently act as trustee for over AU$3.68 billion in notes.”
“Whether you are looking to issue notes to raise funds for working capital, capital adequacy purposes or to invest in other assets, Certane is able to assist. Our note services include acting as trustee for retail and wholesale note issues such as unsecured, convertible or capital notes, simple corporate bonds, hybrids and medium-term note programs.”