Media Centre

Publishing and Broadcasting (Finance) Limited (PBL) Mandates ANZ Investment Bank to arrange A$500 million Medium Term Note and Commercial Paper Programme

Friday, 26 November, 1999

PBL announced today that it had mandated ANZ Investment Bank (ANZIB) to arrange a A$500 million combined Medium Term note and Commercial Paper Programme for Publishing and Broadcasting Limited (Finance) Limited.

The initial issue from the programme is expected early in the new year and will be led by ANZIB, with ABN Amro Bank, TD Securities and Westpac Banking Corporation being appointed dealers. The programme is guaranteed by companies within the PBL Group.

Mr Geoff Kleemann, Chief Financial Officer of PBL said today "This programme is a continuation of our earlier initiatives towards diversifying sources of funding and will lengthen the maturity profile of Group debt. Funds raised from the programme will initially be used to retire bank debt".

PBL

Media Centre

Publishing and Broadcasting (Finance) Limited (PBL) Mandates ANZ Investment Bank to arrange A$500 million Medium Term Note and Commercial Paper Programme

Friday, 26 November, 1999

PBL announced today that it had mandated ANZ Investment Bank (ANZIB) to arrange a A$500 million combined Medium Term note and Commercial Paper Programme for Publishing and Broadcasting Limited (Finance) Limited.

The initial issue from the programme is expected early in the new year and will be led by ANZIB, with ABN Amro Bank, TD Securities and Westpac Banking Corporation being appointed dealers. The programme is guaranteed by companies within the PBL Group.

Mr Geoff Kleemann, Chief Financial Officer of PBL said today "This programme is a continuation of our earlier initiatives towards diversifying sources of funding and will lengthen the maturity profile of Group debt. Funds raised from the programme will initially be used to retire bank debt".