Prelaunch Bond Factsheet
New Issue Announced
BLDAU Oct2033 Corp (AUD)
Boral Limited
Bond Issuer
Boral Limited
Guarantor
Multiple Guarantors
Price Guidance
6.904% area
Announcement Date
-
Issue Date
19 Oct 2026
Maturity Date
19 Oct 2033
Years to Maturity
7.023
Issue / Reoffer Price
-
Issue / Reoffer Yield
-
Coupon Type
Fixed
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Exchange Listed
No
ISIN
-
CUSIP
-
Bond Currency
AUD
Issue Size
AUD Benchmark
Min. Investment Quantity (Nominal)
AUD 10,000
Incremental Quantity (Nominal)
AUD 10,000
Bond Type
Corporate
Bond Sector
Materials
Bond Sub Sector
Construction Materials
Issuer Credit Rating (S&P/ Fitch)
*** / N.R
Bond Credit Rating (S&P/ Fitch)
*** / N.R
Shariah Compliant
No
Reference Rate
-
Change Control Put
(a) If a Change of Control Event occurs, the Issuer will within five Business Days give written notice (a “Change of Control Event Put Notice”) to the Registrar, which notice will:
(i) describe in reasonable detail such Change of Control Event;
(ii) set out the Early Redemption Date (Put). The “Early Redemption Date (Put)” will be a Business Day not less than 45 days after the date of such Change of Control Event Put Notice;
(iii) set out the Response Date. The “Response Date” will be a Business Day at least ten Business Days prior to the Early Redemption Date (Put); and
(iv) offer to redeem on the Early Redemption Date (Put) each Note at a redemption price equal to 100 per cent of the outstanding principal amount of such Notes, together with accrued and unpaid interest, if any, to but excluding the date of redemption.
(b) The Registrar will promptly provide a copy of the Change of Control Event Put Notice to the Noteholders and each other Agent.
(c) Each Noteholder may notify the Issuer of such Noteholder's acceptance or rejection of such offer by giving written notice of such acceptance or rejection to the Issuer on or before the Response Date. The failure by a Noteholder to respond to such offer in writing on or before the Response Date will be deemed to be a rejection of such offer.
(d) If a Noteholder accepts such offer, the Issuer will, on the Early Redemption Date (Put), redeem the Notes of that Noteholder at a redemption price equal to 100 per cent of the outstanding principal amount of such Notes, together with accrued and unpaid interest, if any, to but excluding the date of redemption.
A “Change of Control” occurs if the Issuer becomes controlled by a person (either alone or together with its associates) that was not in control of the Issuer as at the Issue Date. The terms “associate” and “control” shall have the same meaning as in Chapter 6 and section 50AA of the Corporations Act, respectively.
Change of Control Event means an event with both of the following consequences:
(a) at any time after the Issue Date a Change of Control occurs; and
(b) one of the following paragraphs (i) or (ii) applies:
(i) the Notes cease to have an Investment Grade Credit Rating at any time within 90 days of the occurrence of an event described in paragraph (a); or
(ii) the Notes did not have an Investment Grade Credit Rating (or were not rated by a Ratings Agency) at the time of the occurrence of an event described in paragraph (a).
Issuer Call
Make Whole Call
(i) the outstanding principal amount of the Note; and
(ii) the amount determined by a reputable bank or financial adviser selected by the Issuer (the “calculation agent”) to be the value of the Note being redeemed, calculated in accordance with the Reserve Bank of Australia Bond formula for the calculation of the settlement price of fixed income securities, where the yield which applies is:
(A) the rate (expressed as a semi-quarterly rate) which is the mid swap rate (determined using linear interpolation as necessary) calculated by referencing the semi-annual rate adjusted for the 6-month 3-month basis (as applicable) to the Maturity Date of the Notes as displayed on Interest Rate Swap Rates (Australia) (page ‘IRSB AU’, reference to the ‘Mid’ rates) at or around 10:00 am (Sydney time) three Business Days prior to the Early Redemption Date (Call); or
(B) if those rates are not displayed by Bloomberg, the rate determined by the calculation agent to be appropriate having regard to market rates and sources then available; and in either case, plus [TBD] bps (calculated as 25% of the issue margin)
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