Australia's Tabcorp to issue A$150 mln debt

SYDNEY, June 12 (Reuters) - Tabcorp Holdings Ltd (TAH.AX), Australia's biggest gaming company, is planning to raise A$150 million ($122 million) through an institutional note issue, it said on Friday.

The notes will provide investors with quarterly interest payments, calculated as a fixed margin of 4.25 percent over the three-month bank bill rate. The notes will mature on May 1, 2014, and will not be listed. (Reporting by Anirban Nag)