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Fairfax launches A$150 million bond issue SYDNEY, March 30, 2000 – John Fairfax Holdings Limited [ASX:FXJ] announced today the launch of a 5-year A$150 million fixed rate bond issue by its subsidiary, John Fairfax Group Finance Pty Limited. This is the second issue from the Company’s existing A$750 million Promissory Note and Medium Term Note program. As stated previously by the Company, Fairfax’s objective for the transaction is to retire short-term debt and lengthen the duration of its overall liability profile. Fairfax previously placed A$150 million of 3-year medium term notes under the same program in April 1999. Mr Mark Bayliss, Chief Financial Officer for Fairfax, said: "We have had very respectable presentations to the market and we believe the issue will be well received. Our corporate position is strong, with a solid financial performance over the past 18 months. We welcome the investment grade credit rating provided by Standard and Poor’s." Australia and New Zealand Banking Group Limited and Westpac Banking Corporation are Joint Lead Managers for the issue. Commonwealth Bank and National Australia Bank are co-managers for the issue. -- ENDS -- For further information, please contact: Mark Bayliss, (02) 9282 3632 **************** Note to editors John Fairfax Holdings [ASX:FXJ] is Australia’s leading publishing group. Its mastheads include The Sydney Morning Herald, The Australian Financial Review, The Age, The Sun-Herald and BRW. In addition, the Company publishes financial and consumer magazines, and provides online and interactive services. In 1999, the Company had revenues of over $1.1 billion. Fairfax, through f2, its wholly owned subsidiary for its online and interactive businesses, is building a strong position in e-commerce and is Australia’s leading content provider on the Internet, with over 2.3 million page views per day (2.4 million site visits per week) across a network of sites including news, business, investing, personal finance, motoring, sports, auctions, property, employment, freemail, search/homepage, shopping, travel, technology, city guides, and directories. |
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Fairfax > Corporate Affairs & Media Releases > Announcements > BOND ISSUE
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