Crown Resorts (ASX: CWN) today announced its intention to redeem the Crown Subordinated Notes (ASX: CWNHA).
The group had previously operated an on-market buyback programme for the notes which commenced in March 2017, buying a total of $134.2 million before the buyback was cancelled in June 2018.
Crown intends to redeem the remaining notes ($397.7 million) on the first optional call date (6 September 2018).
The notes will be redeemed at par value ($100) together with the final interest payment of $1.78 per note.
The last day of trading on the ASX is the 4th of September 2018 and the record date is the 6th of September 2018.