# PLS prices US$700 million of notes due 2032 at an 8% coupon

> Settlement is expected on 23 October, subject to customary closing conditions.

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- Country: Australia
- Published: 2026-10-21T14:02:44+00:00
- Updated: 2026-10-21T14:02:44+00:00
- Event / data period: 2026-10-21
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Australian lithium producer PLS Group said in a 21 October ASX announcement that it priced US$700 million of 8.00% senior unsecured notes due 2032. The offering is directed to certain institutional and offshore investors under Rule 144A and Regulation S of the US Securities Act.

Settlement is expected in New York on 23 October, subject to customary closing conditions. Interest will be paid each 1 May and 1 November, beginning in May 2027, and certain wholly owned subsidiaries will guarantee the notes. PLS said it intends to use net proceeds for general corporate purposes, including capital expenditure and growth opportunities.

## Data

### Note offering terms

Offering size and coupon stated in PLS’s announcement.

Methodology: Offering amount is stated in millions of US dollars; coupon is the annual rate. No price or yield is calculated.

| label | value | unit | period | basis |
|---|---|---|---|---|
| Offering amount | 700 | million USD | 2026-10-21 | observed |
| Coupon | 8 | percent per annum | 2026-10-21 | observed |

Sources: <https://announcements.asx.com.au/asxpdf/20261021/pdf/075ksm4mp9xd96.pdf> · Download data: [JSON](https://newsverum.com/api/v1/articles/pls-prices-700-million-dollar-8-percent-notes-due-2032/data/note-offering-terms?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/pls-prices-700-million-dollar-8-percent-notes-due-2032/data/note-offering-terms?lang=en&format=csv)

## Sources

- [PLS Group Limited](<https://announcements.asx.com.au/asxpdf/20261021/pdf/075ksm4mp9xd96.pdf>) (Source checked: 2026-10-21; Published: 2026-10-21)

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