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Tabcorp looks to raise $200m in new investment offer

14th February 2012 9:47 am GMT

Australia’s Tabcorp Holdings Limited said Tuesday that it intends to raise AUD$200m through the issue of new subordinated debt securities which will be used for general corporate purposes, as part of the company’s capital management strategy.

The notes are new unsecured, subordinated, cumulative debt securities to be listed on the Australian Securities Exchange at an issue price of $100 per note. Tabcorp has the right to redeem the notes in 2017 (or [...]

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