The information below is a summary only. Before investing in any
security you should consult the full prospectus or a financial
advisor.
| ASX CODE: |
WKCHA |
| Issue type: |
Subordinated Unsecured Capital Notes |
| Country: |
Australia |
| Issue currency: |
AUD |
| Number on issue: |
539,941 Notes (as at 13/11/00). |
| Face value: |
$100 per note. |
| Maturity date: |
30 June 2002. |
| Redemption details: |
The notes will be repayable at their face value on the maturity
date and are not redeemable by the Issuer or the Noteholder prior to
this date. |
| Interest rate: |
8.75% per annum paid semi-annually in arrears. |
| Interest payment dates: |
Calculation dates are 30 June and 31 December.
Payment dates are 15 July and 15 January and the maturity 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: |
Unsecured obligations of the Issuer and rank after secured
obligations and those preferred by law. The notes rank ahead of claims
of shareholders. |
| Event of Default: |
Where an event of Default has occurred (includes non-payment
of interest and/or principal, breach of covenant, etc) the trustee
is entitled to commence proceedings for the winding up of the company
or take such other action relating to enforcement of payment of
monies owing to noteholders.
No other remedy will be available to
the Trustee or any Noteholder to recover monies owing. |
| Key Finacial Covenants: |
Total secured liabilities not to exceed 60% of total tangible
assets.
Total external liabilities not to exceed 85% of total tangible assets. |
| Trustee: |
Guardian Trust Australia Limited. |
