New Hope Proposes Hybrid Securities Offer
Key points
- New Hope proposes hybrid securities offer
- Jarden Australia as arranger and joint lead manager
- Offer subject to market conditions and prospectus
- Only available to Australian residents
Full summary
New Hope Corporation Limited (ASX: NHC) has announced its proposal to offer subordinated, perpetual, redeemable hybrid securities, subject to market conditions. The offer will be made under a prospectus, which will be lodged with the Australian Securities and Investments Commission (ASIC) and made available if and when the offer proceeds. The hybrid securities are expected to have fully franked floating rate distributions. If the offer proceeds, Jarden Australia Pty Ltd will be appointed as arranger and joint lead manager, with additional joint lead managers and co-managers also participating.
Summary generated by a large language model. Please interpret with care.