The information below is a summary only. Before investing in any
security you should consult the full prospectus or a financial
advisor.
| ASX CODE: |
BPFHA |
| GUARANTOR: |
Burns, Philp & Company Limited. |
| Issue type: |
Unsecured Notes. |
| Country: |
Australia |
| Issue currency: |
AUD |
| Number on issue: |
1,366,776,303 (as at 02/02/01) |
| Face value: |
0.20 per note. |
| Maturity date: |
15 August 2003. |
| Options: |
Each person who was the original allottee of a Note was also
issued with an option to subscribe for one Ordinary Share in Burns,
Philp & Company Limited (ASX Code : BPCO) at an exercise Price of
$0.20 ("Option"). The Notes and Options are separately quoted
Securities.
A holder of Options may elect to exercise any or all of the Options
held at any time up until 5pm on 14 August 2003 (being the Business
Day before the Maturity Date of the Notes). |
| Redemption details: |
At any time during the Term, the holder may elect to redeem
any or all of the Notes (in multiples of 100 Notes) which it holds
at face value (plus accrued interest) if the proceeds of redemption
(other than accrued interest) are applied towards the exercise of
Options, at the same time as the Notes are redeemed. |
| Interest rate: |
The Notes earn interest on the face value of the Note at the
rate of 7.5% per annum. |
| Interest payment dates: |
Quarterly in arrears on 31 March, 30 June, 30 September and 31
December and on Maturity Date or (if earlier) the Redemption Date. |
| Books close Date (Record Date): |
The Record Date is at the close of business 11 business days
prior to the Interest Payment Date.
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. |
| Status: |
The Notes are guaranteed by Burns, Philp & Co. Limited.
This guarantee also has the benefit of security over a significant
majority of the Group's assets. A portion of the Group's debt is
secured in priority to the Noteholders. |
| Further Details: |
Please refer to full prospectus dated 15 October 1999 (issued
in respect of a Rights Issue of 250,000,000 Notes and
accompanying Options). |
