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ALE Group

ALE Notes 2 Information

ALE Property Trust successfully raised $125million through the offer of the ALE Notes 2 (the "Offer" refers to the Prospectus dated 1 April 2010)

Summary of ALE Notes 2

  • ALE Notes 2 were four year debt securities listed on ASX under the code LEPHC
  • Holders of ALE Notes 2 were entitled to receive quarterly interest payments and $100 per ALE Notes 2 upon redemption (on 20 August 2014)
  • The interest rate was equal to the three month bank bill rate plus a fixed margin of 4.0 percent and will be calculated quarterly
  • ALE Notes 2 were to be redeemed by ALE Property Trust
    1. On 20 August 2014; or
    2. If ALE Property Trust exercises its option to extend to Maturity Date by one or two years, on 20 August 2015 or 20 August 2016 (as applicable)
  • ALE Property Trust had absolute discretion to Redeem all (but not some only) of the ALE Notes 2 on any Interest Payment Date following 20 August 2014 up to and including 20 August 2016, for the applicable Redemption Value, which would have been:
    1. $101 if Redemption occured after 20 August 2014 and on or before 20 August 2015; or
    2. $102 if Redemption occured after 20 August 2015
  • ALE Notes 2 had an issue price of $100 each

Interest Rate and Interest Payable

Payment Date Record Date Interest Rate (pa) Interest Payable per $100 ALE Note 2
20 August 2014 12 August 2014 6.6850% $1.6850
20 May 2014 12 May 2014 6.6250% $1.6154
20 February 2014 12 February 2014 6.5717% $1.6564
20 November 2013 12 November 2013 6.5800% $1.6585
20 August 2013 12 August 2013 6.7700% $1.7064
20 May 2013 10 May 2013 6.9400% $1.6922
20 February 2013 12 February 2013 7.2300% $1.8224
20 November 2012 12 November 2012 7.6067% $1.9173
21 May 2012 11 May 2012 8.3600% $2.0843
20 February 2012 10 February 2012 8.6000% $2.1441
21 November 2011 11 November 2011 8.7933% $2.1923
22 August 2011 12 August 2011 9.0000% $2.3178
20 May 2011 12 May 2011 8.9000% $2.1458
21 February 2011 11 February 2011 9.0000% $2.2438
22 November 2010 12 November 2010 8.7033% $2.4140
20 August 2010 12 August 2010 8.6400% $2.6748