Notification of interest payment & interest rate change

Notification of interest payment & interest rate change



Announcement Summary


Entity name

CROWN RESORTS LIMITED


Security on which the Interest Payment will be paid

CWNHA - HYBRID 3-BBSW+5.00% 14-09-72 SUB CUM RED T-09-18

Announcement Type

New announcement

Date of this announcement

Tuesday March 15, 2016

Interest Payment Amount

AUD 1.83

Ex Date

Friday June 3, 2016

Record Date

Monday June 6, 2016

Payment Date

Tuesday June 14, 2016

Refer to below for full details of the announcement


Announcement Details



Part 1 - Entity and announcement details


  1. Name of +Entity

    CROWN RESORTS LIMITED



  2. Registered Number Type

    ACN

    125709953

    Registration Number


  3. ASX issuer code

    CWN


  4. The announcement is

    New announcement

  5. Date of this announcement

    Tuesday March 15, 2016


  6. ASX +Security Code for Interest Payment

CWNHA

ASX +Security Description

HYBRID 3-BBSW+5.00% 14-09-72 SUB CUM RED T-09-18


Part 2A - Interest period dates and interest payment details



Interest Rate Calendar Type

Rule 7(2), 7 calendar day

2A.1 Payment date

Tuesday June 14, 2016

2A.3 Ex-Date

Friday June 3, 2016

2A.5 Last day of payment period

Monday June 13, 2016


2A.7 Interest rate expressed as a per annum rate

7.330000 %


2A.9 Currency in which the interest payment is made ("primary currency")

AUD - Australian Dollar

2A.10 Interest payment amount per +security

AUD 1.83000000


2A.2 +Record Date

Monday June 6, 2016

2A.4 First day of payment period

Tuesday March 15, 2016

2A.6 Number of days in the payment period

91

2A.8 Interest rate pro-rated for the number of days in the payment period

1.827479 %

2A.10(i) Comment on how the interest payment amount per security is calculated



2A.11 Are any of the below approvals required for the interest payment before business day 0 of the timetable?

Security holder approval Court approval

Lodgement of court order with +ASIC ACCC approval

FIRB approval

Another approval/condition external to the entity required before business day 0 of the timetable for the interest payment.

No

2A.12 Is the interest payment franked?

No

2A.13 Is the interest payment payable in the form of +securities rather than cash?

No

2A.14 Does the entity have arrangements relating to currency in which the interest payment is paid to security holders that it wishes to disclose to the market?

No

2A.15 Is there a principal amount payment component payable?

No

Part 3 - Floating rate +securities - details of interest rate applicable to the payment notified in Part 2A

  1. Date interest rate is set

    Tuesday March 15, 2016

  2. Comments on how the date that interest rate is set is determined


    Interest will be paid on each Interest Payment Date, as defined in the Terms of Crown Subordinated Notes which are included in the Prospectus dated 21 August 2012.


  3. Interest base rate

    2.3300 %

  4. Comments on how interest base rate is set


    The Interest Rate is the Bank Bill Rate plus the Margin, calculated in accordance with the Terms of Issue of Crown Subordinated Notes which are included in the Prospectus dated 21 August 2012. The Bank Bill Rate in the case of the first Interest Period is the rate applicable on the Issue Date and in the case of any other Interest Payment, is the rate applicable on the first Business Day of that Interest Period.


  5. Interest margin

    5.0000 %

  6. Comments on how interest margin is set


    The Interest Rate is the Bank Bill Rate plus the Margin, calculated in accordance with the Terms of Issue of Crown Subordinated Notes which are included in the Prospectus dated 21 August 2012.


  7. Any other rate/multiplier used in calculating interest rate

    %

  8. Comments on how other rate used in calculating interest rate is set


    N/A


  9. Total interest rate expressed as a per annum rate

    7.3300 %

  10. Comment on how the total interest rate expressed as a per annum rate is set



Part 4 - Further information


  1. Please provide any further information applicable to this payment


    For further information, please refer to the Prospectus dated 21 August 2012.


  2. URL link to a copy of the prospectus/PDS or further information about the +security

    www.crownresorts.com.au

  3. Additional information for inclusion in the Announcement Summary


Crown Resorts Limited issued this content on 15 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 March 2016 01:51:41 UTC

Original Document: http://www.crownresorts.com.au/Investors-Media/ASX-Media-Releases/2016/15-03-2016-Interest-Payment-CWNHA