SEEK Limited announced that it will issue AUD 150 million of AUD Floating Rate Subordinated Notes with a quarterly coupon of 3 month BBSW + 3.70%. The Subordinated Notes have a maturity date of 20 June 2026 and a first optional redemption date of 20 June 2023. The proceeds from the Subordinated Notes will be used for general corporate purposes including to pay down SEEK's existing bank debt. The Subordinated Notes will be issued under SEEK's existing Guaranteed Euro Medium Term Note Programme, and will be listed on the Singapore Stock Exchange. Settlement of the Subordinated Notes is expected to occur on 20 December 2019 and is subject to customary closing conditions. The notes will be subordinated to SEEK's existing senior unsecured debt and senior EMTN notes.