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Tabcorp raises $250m from new and existing investors

22nd March 2012 8:18 am GMT

Australia’s Tabcorp Holdings Limited has successfully raised AUD$250m through the offer of Tabcorp Subordinated Notes which will be used for general corporate purposes including the repayment of existing financial indebtedness.

Tabcorp allocated $200m of Tabcorp Subordinated Notes on a firm basis to institutional investors and brokers through the bookbuild process and raised a further $50m from holders of Tabcorp ordinary shares and Tabcorp Bonds and other investors.

“We are pleased with the positive [...]

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