Chevron raises AUD 22.5M via secured notes for apartment projects, limited to wholesale investors.

Chevron Apartments Pty Ltd is raising AUD 22.5 million through senior secured loan notes offered exclusively to qualified wholesale investors in Australia. The funds will cover sales, marketing, and management costs for its apartment developments. The offering, managed by Banner Capital Management Limited, is exempt from Australian interest withholding tax for non-residents and not registered under U.S. securities laws. Notes are secured by a general security deed and corporate guarantees, freely transferable without issuer consent. The announcement is not a prospectus and has not been lodged with Australia’s securities regulator. The transaction is restricted in certain jurisdictions and not open to retail investors.