(This investment is available only to ‘wholesale clients’ as defined in the Corporations Act)
Invest in an 9.25%pa 27 May 2030 AUD Note issued by Magnetic Rail Group Pty Ltd (MGR) under its Australian Medium Term Note Programme (AMTN).
The information below is a summary of this investment opportunity. Investors must obtain and read the Information Memorandum and Issue Supplement 1 (both dated 20 March 2025) before investing in this opportunity.
Overview
The MRG Australian Medium Term Note (AMTN) Program has been established to raise funds through the issuance of Australian dollar denominated Notes. The proceeds of each Series will be applied in accordance with the terms of the relevant Series Supplement, typically for financing, refinancing, or general corporate purposes.
MRG, through the AMTN Program, provides investors with access to fixed income securities that may include both fixed and floating rate notes, secured or unsecured, depending on the series being offered.
Investors should note:
Wholesale Clients Only: The Program is designed for wholesale investors, consistent with Australian Corporations Act requirements.
Documentation: You should read the Information Memorandum and Pricing Supplements before investing in this note.
Key Terms
| Issuer | Magnetic Rail Group Pty Ltd ABN 27 663 519 962 |
|---|---|
| Coupon | 9.25% p.a (fixed), paid semi-annually |
| Yield to Maturity | 7.5% p.a to 8.0% p.a. range |
| Maturity Date | 27 May 2030 |
| Issue Size | AUD 175 million |
| Minimum Investment | $50,000 AUD |
| ABE Code | AU3CB0322055 |
| ISIN | AU3CB0322055 |
Risks
This is an overview of the main risks associated with this investment. Further details are set out in the Information Memorandum.
Risks This is an overview of the main risks associated with this investment. Further details are set out in the Information Memorandum.
- Interest rate movements – may impact the attractiveness of the Notes;
- Illiquidity – the Notes may be difficult to trade; prior to maturity.
- Reliance on MGR’s performance – MGR’s ability to pay interest and to repay the principal at maturity relies on MGR’s performance;
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