APT Pipelines Limited advises that the Interest Rate in respect of the APA Group Subordinated Notes (Notes) for the Interest Period commencing on 1 January 2014 and ending on 31 March 2014 is 7.1050% per annum.
This has been determined in accordance with the Notes Terms as the Bank Bill Rate on 2 January 2014 of 2.6050% plus the Margin of 4.50%.
The table below outlines the key dates and the Interest Payment for the next Interest Period:
Interest Payment Date | Ex-Date | Record Date | No. of Days in Interest Period | Interest Rate | Interest Payment per Note(1) |
31 March 2014 | 17 March 2014 | 21 March 2014 | 90 | 7.1050% | $1.7519 |
Note (1): Face Value is $100.00 per Note
Unless otherwise defined, capitalised terms in this release have the same meaning given to them in the Prospectus dated 17 August 2012.
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