Investor Presentaiton
MyState
Sub Debt Issue | Investor Presentation 9
Limited
Proposed subordinated debt structure
Issuer:
Issuer Rating:
Expected Issue Rating
Documentation
Instrument
Offer Size
Structure
Format
Margin
Ranking
MyState Limited (ABN 26 133 623 962)
Baa2/P-2
Baa3
Information Memorandum, Pricing Supplement
Subordinated Notes
AUD25,000,000
10NC5
Floating (quarterly payments) at the aggregate of 90 day BBSW plus the Margin
[*]
Subordinated Notes will constitute direct, subordinated and unsecured obligations of the Issuer ranking in a
Winding-Up as set out in Condition 4.3, subject to the provisions for Conversion and Write-off, pari passu with all
Equal Ranking Instruments.
The claims of Holders against the Issuer in respect of Subordinated Notes that have not been Converted or Written-
off will:
(A) be subordinated in right of payment to the claims of all Senior Creditors and all such claims of Senior Creditors
shall be entitled to be paid in full before any payment shall be paid on account of any sums payable in respect of
such Subordinated Notes;
(B) rank equally with the obligations of the Issuer to the holders of other Subordinated Notes that have not been
Converted or Written-off, and the obligations of the Issuer to holders of Equal Ranking Instruments; and
(C) rank prior to, and senior in right of payment to, the obligations of the Issuer to holders of Ordinary Shares and
other Junior Ranking Capital Instruments.
This is a summary of the proposed Terms and Conditions for MyState Limited Subordinated Notes - Further information and complete terms in connection to any issuance is included in the
Information Memorandum dated 23 December 2016 as supplemented by the preliminary Pricing Supplement dated 29 June 2020View entire presentation