NEW YORK and SYDNEY, April 14,
2014 /PRNewswire/ -- In connection with its previously
announced cash tender offer for any and all of the outstanding
Notes (the "Notes") listed in the table below, Commonwealth Bank of
Australia ("CBA") announced today
the determination of the reference yields and purchase prices for
its 3.625% Fixed Rate Notes due June 25,
2014, guaranteed by the Commonwealth of Australia (the "Series 2009-B76 Notes"), its
2.900% Fixed Rate Notes due September 17,
2014, guaranteed by the Commonwealth of Australia (the "Series 2009-B88 Notes") and
its 2.700% Fixed Rate Notes due November 25,
2014, guaranteed by the Commonwealth of Australia (the "Series 2009-B102 Notes")
(collectively, the "Fixed Rate Notes").
The tender offer is being made pursuant to an offer to purchase
dated April 7, 2014 and related
letter of transmittal, which set forth the terms and conditions of
the tender offer, including the method of calculation of the cash
purchase prices for the Fixed Rate Notes. Holders of the Notes are
urged to read the offer to purchase and the related letter of
transmittal carefully before making any decisions with respect to
the tender offer.
|
Title of
Security(1)
|
CUSIP
Numbers
|
ISIN
|
Principal Amount
Outstanding
|
U.S. Treasury
Reference Security
|
U.S. Treasury
Reference Yield
|
Fixed
Spread
|
Purchase Price per
US$1,000 principal amount
|
|
Floating Rate Notes
due June 25,
2014 Guaranteed by
the
Commonwealth of
Australia (the
"Series 2009-B75
Notes")
|
144A:
20272BAD6
Reg S:
20272CAD4
|
144A:
US20272BAD64
Reg S:
US20272CAD48
|
US$1,800,000,000
|
N/A
|
N/A
|
N/A
|
US$1,001.37
|
|
|
|
|
|
|
|
|
|
3.625% Fixed Rate
Notes due June 25, 2014 Guaranteed by the Commonwealth of Australia
(the "Series 2009-B76 Notes")
|
144A:
20272BAF1
Reg S:
20272CAF9
|
144A:
US20272BAF13
Reg S US20272CAF95
|
US$1,200,000,000
|
0.250% UST
due
June 30,
2014
|
0.045%
|
+0 bps
|
US$1,006.86
|
|
|
|
|
|
|
|
|
|
2.900% Fixed Rate
Notes due September 17, 2014 Guaranteed by the Commonwealth of
Australia (the "Series 2009-B88 Notes")
|
144A:
20272BAK0
Reg S:
20272CAK8
|
144A:
US20272BAK08
Reg S:
US20272CAK80
|
US$1,500,000,000
|
0.250% UST
due
September 15,
2014
|
0.062%
|
+0 bps
|
US$1,011.90
|
|
|
|
|
|
|
|
|
|
Floating Rate Notes
due September 17, 2014 Guaranteed by the Commonwealth of Australia
(the "Series 2009-B89 Notes")
|
144A:
20272BAL8
Reg S:
20272CAL6
|
144A:
US20272BAL80
Reg S:
US20272CAL63
|
US$1,250,000,000
|
N/A
|
N/A
|
N/A
|
US$1,002.03
|
|
|
|
|
|
|
|
|
|
2.700% Fixed Rate
Notes due November 25, 2014 Guaranteed by the Commonwealth of
Australia (the "Series 2009-B102 Notes")
|
144A:
20272BAN4
Reg S:
20272CAN2
|
144A:
US20272BAN47
Reg S:
US20272CAN20
|
US$1,250,000,000
|
0.250% UST due
November 30, 2014
|
0.069%
|
+0 bps
|
US$1,016.00
|
(1) The Notes are guaranteed by the
Commonwealth of Australia (the
"Commonwealth") under the Deed of Guarantee, dated November 20, 2008, executed on behalf of the
Commonwealth.
The purchase price for each series of Fixed Rate Notes was
calculated as described in the offer to purchase in a manner
intended to result in a yield to maturity equal to the sum of the
yield to maturity of the applicable U.S. Treasury Reference
Security for such series of Fixed Rate Notes set forth in the table
above as measured at 2:00 P.M.,
New York City time, today,
April 14, 2014 and the applicable
fixed spread as shown in the table above. In addition, holders of
the Notes that are validly tendered and accepted for purchase will
receive accrued and unpaid interest on the Notes up to, but not
including, the settlement date. CBA expects the settlement date to
occur on April 16, 2014, which is two
business days following the expiration of the tender offer.
The tender offer will expire at 5:00
P.M., New York City time,
on April 14, 2014, unless extended or
earlier terminated (such time and date, as the same may be extended
or earlier terminated, the "Expiration Time"). To be eligible to
receive the applicable purchase price, holders of the Notes must
validly tender and not validly withdraw their Notes at or prior to
the Expiration Time. Tendered Notes may be withdrawn at any time at
or prior to, but not after, the Expiration Time.
The tender offer is not conditioned upon any minimum amount of
Notes being tendered. However, the tender offer is subject to the
satisfaction or waiver of certain conditions set forth in the offer
to purchase.
Citigroup Global Markets Inc., Commonwealth Bank of Australia and J.P. Morgan Securities LLC are
serving as dealer managers for the tender offer, and D.F. King & Co., Inc. is serving as the
tender agent and information agent for the tender offer.
Commonwealth Bank of Australia is
acting as a dealer manager only in respect of Notes held by holders
outside the United States.
Neither the offer to purchase nor the related letter of
transmittal has been lodged with the Australian Securities and
Investments Commission and the tender offer is only available to
persons in Australia to whom an
offer or invitation can be made without disclosure under Parts 6D.2
or 7.9 of the Corporations Act 2001 of Australia.
This media release is not an offer to purchase or a solicitation
of an offer to sell any securities. The tender offer is being made
only pursuant to the terms of the offer to purchase and the related
letter of transmittal. No offer, solicitation, purchase or sale
will be made in any jurisdiction in which such offer, solicitation,
or sale would be unlawful.
Requests for documents may be directed to D.F. King & Co., Inc. toll-free at (800)
859-8508, via email at CBA@dfking.com or in writing at 48 Wall
Street, New York, New York
10005. Questions regarding the tender offer in the United States may be directed to Citigroup
Global Markets Inc. at (800) 558-3745 (toll-free) or (212) 723-6106
(collect), Commonwealth Bank of Australia at (+61)(2) 9118-4500 (collect) or
J.P. Morgan Securities LLC at (866) 834-4666 (toll-free) or (212)
834-4394 (collect).
SOURCE Commonwealth Bank of Australia
