Lendlease Finance Ltd
Ticker: ETBLL1
Lendlease is a global property and infrastructure company with operations in Australia, Asia, Europe, and the Americas, specialising in various aspects of the property industry including development, investment management constructions and asset management. Founded in Sydney in 1958, Lendlease has grown to become one of the world’s leading integrated property and infrastructure groups. Lendlease places a strong emphasis on sustainability and has implemented green building practices across its projects.
The Lendlease ETB (Ticker: ETBLL1) provides investors with economic exposure to the Lendlease 2031 senior unsecured fixed rate. The ETB returns an annual coupon rate of 3.7% (less fees and costs) paid semi-annually and has a fixed maturity date of 31 March 2031 at which time the ETB will be redeemed in full. Investors who hold the ETB to maturity will receive $100 per unit (less fees and costs).