The information below is a summary only. Before investing in any
security you should consult the full prospectus or a financial
advisor.
| ASX CODE: |
CBEHA |
| Issuer: |
CBD Retail Infrastructure (No.2) Limited.
The issuer is a special purpose company established for the sole
purpose of this transaction, including issuing DJ Financed Notes
and incurring Bank Debt and applying the funds raised in accordance
with the Use of Proceeds. |
| Issue type: |
Unsecured Floating Rate Notes. |
| Country: |
Australia |
| Issue currency: |
AUD |
| Number on issue: |
648,000 (as per prospectus dated 7 November 2000) |
| Face value: |
$100 per note. |
| Maturity date: |
30 June 2030 unless redeemed earlier. |
| Redemption details: |
If the Issuer elects to redeem DJ Financed Noted on any Interest
Payment Date on or after 31 December 2005, or at any time following
certain events, all DJ Financed Notes will be redeemed.
If the Issuer receives any monies following certain events, some or all DJ
Financed Notes will be redeemed (together with Bank Debt) to the extent
the Issuer has funds available for such redemption. DJ Financed Notes
that are not redeemed will remain outstanding. |
| Interest rate: |
Until 31 December 2002, the minimum interest rate will be 9.0%
p.a. Otherwise, it will be 90 Day Bank Bill Rate + 2.5%p.a.
The Base Interest Rate will be reset at the beginning of each quarterly
interest period. |
| Interest payment dates: |
Payable quarterly in arrears on 31 December, 31 March, 30 June and
30 September. |
| 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. |
| Trigger Events: |
If the Issuer fails to pay any interest payable to Noteholders
because David Jones fails to make payments to the Issuer under
Interest Rate Swaps that have been entered into, or if certain other
events occur, all DJ Financed Notes will be repayable. The Issuer will
have the right to exercise a Put Option or a Majority of Noteholders
and Bank Lenders can direct the Security Trustee to enforce the
Charge. |
| Charge: |
Noteholders
(together with Bank Lenders) will have the benefit of a charge over all of the assets of
the Issuer, including payments due to the Issuer from David Jones and a Property Trust charge (see below). The main Issuer
Assets are:
- a Put option which give the Issuer the right
, upon the occurrence of a Trigger Event, to require David Jones to subscribe for new
notes for an amount sufficient to enable the Issuer to repay DJ Financed Notes (and where
relevant, the Bank Debt);
- Interest Rate Swaps;
- Interest Yield Security Loans; and
- a Property Trust Charge which is a second
ranking charge over the Property Trust Assets, subject to the consent of the First Ranking
Charge Holders.
The main Property Trust Assets are the 79 year leases of the Properties, the Sub-Leases of
the Properties back to David Jones and the Deposits.
|
| Registry: |
Computershare Registry Services Pty Ltd. |
| Trustee: |
Guardian Trust Australia Limited. |
| Further Details: |
Please refer to full prospectus dated 7 November 2000. |
