CGF 0.29% $6.89 challenger limited

News: CGF Challenger Ltd announces intention to issue notes

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    Feb 28 (Reuters) - Challenger Ltd (CGF)

    • Challenger capital notes 2 offer
    • Challenger intends to use proceeds of notes to fund a subscription for additional tier 1 capital of challenger life company
    • Expected to raise $350 million
    • intention to issue a new subordinated, convertible security, challenger capital notes 2 (notes)
    • notes are expected to be listed and tradable on australian securities exchange (asx).
 
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