Amcor's US$200 Million Euro-Commercial Paper Program.MELBOURNE, Australia--(BUSINESS WIRE)--November 21, 1996--Amcor Limited (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMCRY) announced today that it has arranged a new US$200 million Euro-Commercial Paper Euro-commercial paper Short-term notes with maturities up to 360 days that are issued by companies in international money markets. and Medium-Term Note Medium-term note (MTN) A corporate debt instrument that is continuously offered to investors over a period of time by an agent of the issuer. Investors can select from maturity bands of: 9 months to 1 year, more than 1 year to 18 months, more than 18 months to 2 years, etc. program in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . The new program replaces and expands the existing US$115 million commercial paper facility which matures in December 1996 and now allows for multi-currency issues of commercial paper and, for the first time, medium-term notes into the Asian and European markets. Commonwealth Bank of Australia is the arranger and the dealers on the program are Commonwealth Bank of Australia, BA Asia Limited and BT Asia Limited. Amcor has been an issuer in the Hong Kong capital market since 1987 and the enlarged program, together with existing commercial paper facilities in Australia and the United States, will provide valuable sources of short and medium term funding. Amcor is a leading international packaging and paper company and one of Australia's largest public companies. The company's American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. are traded over the NASDAQ National Market System. One ADR ADR - Astra Digital Radio represents four ordinary shares. Media Advisory: The following was released earlier today in Melbourne. CONTACT: Amcor Limited, Australia David Meiklejohn Executive Director Finance & Administration Telephone: 03-9694-9261 or Gavin Anderson & Company, United States Cindy Lyman Telephone: 212-373-0200 |
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