Dexus Finance Pty Limited Announces Early Repayment of Exchangeable Notes

Dexus Finance Pty Limited has disclosed the exercise of the put option for its 2.30% Guaranteed Exchangeable Notes due 2026, initially announced on March 18, 2019. On March 19, 2024, investors opted to redeem the notes early, requesting a total repayment of A$323.2 million. This exercise leads to the potential early repayment and cancellation of the remaining A$1.8 million of notes, which Dexus plans to address through its call option on April 8, 2024.

The company will utilize existing debt facilities to fund the A$325.0 million repayment. It anticipates announcing the formal cancellation of these notes to the Australian Securities Exchange (ASX) immediately following the completion of the process. This move aligns with Dexus's strategic financial management and capital allocation policies.