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 2013 and ending on 31 March 2013 is 7.5100% per annum.
This has been determined in accordance with the Notes Terms as the Bank Bill Rate on 2 January 2013 of 3.0100% 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 Note1 |
2 Apr 2013 | 19 Mar 2013 | 25 Mar 2013 | 90 | 7.5100% | $1.85181 |
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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