Challenger (CGF) today announced the successful completion of the Bookbuild for the Challenger Capital Notes 2 (Prospective ASX Code: CGFPB), setting the Margin at 4.40% over the 3-month Bank Bill Swap Rate (90BBSW). Due to strong investor demand, Challenger closed the Bookbuild earlier than scheduled and also increased the Offer size to $450 million (previously $350 million). The group has allocated $430 million under Broker Firm and Institutions Offers and the remaining $20 million to the Securityholder offer.
For eligible holders, the Securityholder Offer will be open from the 8th of March 2017 to the 31st of March 2017. The Broker Firm Offer will remain open until the 6th of April 2017.
The CGFPB Notes will commence trading on a deferred settlement basis on the 10th of April 2017, with normal settlement trading commencing on the 13th of July 2017.
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