The information below is a summary only. Before investing in any
security you should consult the full prospectus or a financial
advisor.
| ASX CODE: |
SGBHC |
| Issue type: |
Subordinated Unsecured Capital Notes |
| Country: |
Australia |
| Issue currency: |
AUD |
| Number on issue: |
217,134 Notes |
| Face value: |
$100 per note. |
| Maturity date: |
30 September 2003, at par |
| Redemption details: |
The bank reserves the right, subject to prior consent of the RBA,
to make, at any time, an offer at its discretion for any volume of
notes which may be on issue. |
| Interest rate: |
8.25% per annum, paid quarterly in arrears to 30 September 2003 |
| Interest payment dates: |
Last day on the months of March, June, September
and December. Payment will be made to the noteholder on the register
as at the record date being the 10th business day prior to the
relevant interest 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: |
Capital notes are classified as subordinated debt and rank as
unsecured obligations of the issuer, pari passu with other unsecured
creditors. The notes rank behind depositors and ahead of shareholders. |
| Participation: |
Noteholders will not be entitled to participate in any issue of
shares or securities. |
| Special Conditions: |
- Noteholders will not have the right to
exchange their principal in face value for a participation in any future issues of the
banks capital notes as was the case for the series 1 capital notes.
- The bank reserves the right to issue further
capital notes and other securities which rank equally with these notes.
- In the event that interest and/or principal
is not paid on a relevant day, interest will accrue on the amount due until the payment of
that amount; or in the event of a winding up of the bank, the principal amount together
with interest accrued to the date of commencement of the winding-up. Will be payable on an
equal basis with all other subordinated claims, after all unsubordinated claims have been
paid in full.
|
