New CHF400 Million & USD100 Million US Private Placement

New CHF400 Million & USD100 Million US Private Placement

Melbourne, Australia — 09/10/2015

CSL Limited (ASX:CSL; USOTC:CSLLY) - CSL today announced that on 8 October 2015 it has closed a new CHF400 million and USD100 million private placement in the US. The private placement was foreshadowed in CSL’s full year results announcement in August 2015.

The private placement consists of several maturities as follows: 

 8-year bullet10-year bullet 10-year bullet
Coupon0.755%0.955% 3.63%

The private placement has a weighted average fixed interest rate of 1.43% and an average life of 9.4 years. 
The maturities will fill gaps in the Group’s current debt maturity profile as show below: 

Maturity Profile

The private placement was well received by investors with a significant level of oversubscription. CSL’s Chief Financial Officer, Mr Gordon Naylor, said, “We were very pleased to achieve a good outcome for the Company. This has been our fourth issue in this market since 2011 and we now have approximately USD2.1 billion of US Private Placement debt outstanding. This market provides CSL with flexibility in funding currencies and maturities. We are grateful for the support of this important debt market which again has recognised the sustainability of our business model.” 

The proceeds from the private placement will be used to fund the Group’s capital management plan and for general corporate purposes. 

Download this release: 
PDF icon New CHF400 Million & USD100 Million US Private Placement (0.30Mb)

For further information, please contact: 

Mark Dehring 
Head of Investor Relations 
CSL Limited 
Phone: +613 9389 3407 
Sharon McHale 
Head of Public Affairs 
CSL Limited
Mobile: +614 0997 8314 

© 2017 CSL Limited