22nd of March 2012 Author: Glo Wood
Tabcorp Subordinated Notes offer a success
According to the latest announcement by Australian gambling group Tabcorp Holdings Limited, A$ 250 million has been raised thanks to its offer of Tabcorp Subordinated Notes.
The company further specified that A$200 million of the notes were allocated to institutional investors and brokers and the remaining A$50 million was raised from holders of Tabcorp ordinary shares and Tabcorp Bonds, and other investors.
In addition, it was stated that the proceeds from the offer will be used for general corporate purposes (including the repayment of existing financial indebtedness).
According to Tabcorp's managing director and chief executive, David Attenborough, 'We are pleased with the positive response to the offer [which] attracted significant interest from new and existing investors.'
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