King & Wood Mallesons (
KWM) has helped one of Australia’s largest listed residential land developers on its latest simple corporate bonds offering.
The firm has acted for Peet Limited, which aims to raise $50m, through its second simple corporate bonds offering, which is the first instance an issuer is taking advantage of the simple corporate bond legislation to make a follow-on offer of simple corporate bonds under a live base prospectus.
The KWM team was led by partners Brian Murphy and Jo Dodd, who were supported by senior associate James Parkin and team members Nena Burchard and Tiffany Ha.
Murphy said that the firm is very pleased to continue working with Peet on its simple corporate bonds, as the firm also advised the group on its first offer in 2016.
KWM acted on Australia’s first simple corporate bond with Australian Unity’s issue in November 2015. The firm has since then acted on a series of simple corporate bond offerings as the market for simple corporate bonds opened with the passing of the Corporations Amendment (Simple Corporate Bonds and Other Measures) Act in 2014.
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