Notification of interest payment & interest rate change

Announcement Summary

Entity name

CROWN RESORTS LIMITED

Security on which the Interest Payment will be paid

CWNHB - HYBRID 3-BBSW+4.00% 23-04-75 SUB CUM RED T-07-21

Announcement Type

New announcement

Date of this announcement

Friday September 14, 2018

Interest Payment Amount

AUD 1.47

Ex Date

Wednesday December 5, 2018

Record Date

Thursday December 6, 2018

Payment Date

Friday December 14, 2018

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

CROWN RESORTS LIMITED

Registration Number

1.2 Registered Number Type

ACN

1.3 ASX issuer code

CWN

1.4 The announcement is

New announcement

1.5 Date of this announcement

Friday September 14, 2018

1.6 ASX +Security Code for Interest Payment

CWNHB

ASX +Security Description

HYBRID 3-BBSW+4.00% 23-04-75 SUB CUM RED T-07-21

Part 2A - Interest period dates and interest payment details

Interest Rate Calendar Type

Rule 7(2), 7 calendar day

2A.1 Payment date

Friday December 14, 2018

2A.3 Ex-Date

Wednesday December 5, 2018

2A.5 Last day of payment period

Thursday December 13, 2018

2A.7 Interest rate expressed as a per annum rate 5.915900 %

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

AUD - Australian Dollar

2A.10 Interest payment amount per +security

AUD 1.47000000

2A.2 +Record Date

Thursday December 6, 2018

2A.4 First day of payment period

Friday September 14, 2018

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 1.474923 %

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 approvalCourt approval

Lodgement of court order with +ASICACCC 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

3.1 Date interest rate is set

Friday September 14, 2018

3.2 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 Issue of Crown Subordinated Notes II which are included in the Prospectus dated 25 March 2015.

3.3 Interest base rate 1.9159 %

3.4 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 II which are included in the Prospectus dated 25 March 2015. 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 Period, is the rate applicable on the first Business Day of that Interest Period.

3.5 Interest margin 4.0000 %

3.6 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 II which are included in the Prospectus dated 25 March 2015.

3.7 Any other rate/multiplier used in calculating interest rate %

  • 3.8 Comments on how other rate used in calculating interest rate is set

    N/A

  • 3.9 Total interest rate expressed as a per annum rate 5.9159 %

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

For further information, please refer to the Prospectus dated 25 March 2015.

Part 4 - Further information

  • 4.1 Please provide any further information applicable to this payment

    For further information, please refer to the Prospectus dated 25 March 2015.

  • 4.2 URL link to a copy of the prospectus/PDS or further information about the +securityhttp://www.crownresorts.com.au/

4.3 Additional information for inclusion in the Announcement Summary

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Disclaimer

Crown Resorts Limited published this content on 14 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 September 2018 04:27:01 UTC