The information below is a summary only. Before investing in any
security you should consult the full prospectus or a financial
advisor.
| ASX CODE: |
ACDHA |
| Issue type: |
Unsecured Subordinated Notes |
| Country: |
Australia |
| Issue currency: |
AUD |
| Number on issue: |
70,000 (as per prospectus dated 28 June 1994) |
| Face value: |
$100 per note. |
| Maturity date: |
30 July 2004 |
| Redemption details: |
The Issuer shall as soon as practicable after the Maturity
Date redeem a Note in Issue by paying to the Noteholder the
principal and accrued interest thereon to the Maturity Date.
The Issuer is not obliged to redeem a Note in Issue unless and until:
- the surrender to the Issuer of the relevant Certificate (if
any Certificate is on issue); and
- if the Noteholder is a person resident out of Australia, the
obtaining of all necessary approvals under any statute as may then
exist; and
- if required by the Issuer, the Noteholder delivering to the
Issuer such form of receipt and discharge as the Issuer may require.
|
| Interest rate: |
Australian Central shall pay interest according to the principal
for the time being paid up on the Series 2 Notes in Issue in respect
whereof the interest is declared at the rate of 10.5% per annum.
The rate of interest may not be varied and interest accrues daily and
shall be calculated in arrears.
Interest calculated shall be payable on Notes in respect of the
interest period commencing on the day after the date to which the
interest payment last preceding was calculated up to and including
the next succeeding date to which interest is to be calculated or
to the Maturity Date (whichever is earlier).
A transfer of Notes in Issue shall not pass the right to any interest
payable thereon after the date of such transfer and therefore the
registration of the transfer.
Interest is payable on interest that has become payable but is unpaid.
Interest ceases to accrue in respect of Series 2 Notes redeemed or cancelled. |
| Interest payment dates: |
Interest is payable quarterly in arrears on each 1 July, 1
October, 1 January and 1 April (or, if not a Business Day, on the
next Business Day) |
| Books close Date (Record Date): |
Interest is payable to Noteholders as at a books closing date
being the 10th business day prior to and inclusive of the date
of payment.
The securities are marked 'ex-interest' for SEATS trading purposes on the
open of business 4 days prior to the Record Date. These dates can be
subject to change, and consequently should be confirmed by contacting
your broker, the Issuer or the Issuer's registrar. |
| Winding up: |
Despite any other provision in the Deed, if Australian Central is being wound up, the payment of principal and interest on Notes in Issue shall be postponed and deferred and neither the Trustee nor Noteholders shall have the right to prove in the liquidation of Australian Central in respect of the principal and interest on Notes in Issue unless, until and to the extent only that all other unsecured liabilities of Australian Central Including withdrawable share capital in Australian Central (other than liabilities of Australian Central in respect of the Notes in Issue or Notes issued under the credit union Prospectus dated 6 June 1994) shall have been paid. All Notes in Issue rank Equally between themselves. Series 2 Notes in Issue rank equally with Notes issued under the credit union's Prospectus dated 6 June 1994. |
| Further Details: |
Please refer to full prospectus dated 28 June 1994. |
