Investor Presentaiton
MyState
Sub Debt Issue | Investor Presentation 10
Limited
Proposed subordinated debt structure
Tax
Governing Law
Settlement Eligibility
Listing
Regulatory Treatment
Payment Subject to Issuer
Solvency
Early Redemption
Non-Viability Trigger Event
The Issuer intends to issue the Subordinated Notes in a manner which will satisfy the public offer test under section
128F of the Income Tax Assessment Act 1936 (Cth)
New South Wales, Australia
Austraclear, Euroclear, Clearstream
Unlisted
Tier 2 Capital
At any time prior to a Winding-Up:
(a) the obligation of the Issuer to make any payment of principal or interest in respect of Subordinated Notes shall
be conditional upon the Issuer being Solvent at the time the payment or other amount owing falls due; and
(b) no amount is payable by the Issuer in respect of the Subordinated Notes unless, at the time of and immediately
after such payment, the Issuer is Solvent.
Subject to the prior written approval of APRA, the Subordinated Notes may be redeemed before the Maturity Date
for certain tax and regulatory reasons at par plus accrued interest. Holders should not expect that APRA's approval
will be given for any early redemption of Subordinated Notes. Holders have no right to request redemption before
the Maturity date.
A Non-Viability Trigger Event occurs when APRA has notified the Issuer in writing that it believes:
(a) Conversion or Write-off of all or some Subordinated Notes or conversion or write down of all or some of the
capital instruments of the Issuer is necessary because, without it, the Issuer would become non-viable; or
(b) a public sector injection of capital, or equivalent support, is necessary because, without it, the Issuer would
become non-viable.
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