I am an Aussie and live in Dublin Ireland now. I am qualified Stockbroker, Derivatives Specialist and QFA (Qualified Financial Advisor) - any words I type are my thoughts and definitely not advice to anyone.
In the 'Derivatives world' there is a term called "Euro Dollar Loan", ironically these are often loans that are not in either Euro or US $. That is why TCL say this Canadian $ loan is under their Euro Medium Term Note Program.
This announcement is about sourcing a local 650m Canadian $ loan facility to complement the Montreal A25 toll road we own. Makes sense to borrow and spend in Canadian $ on a Canadian facility - this eliminates exchange rate problems.The Canadian $ loan is being paid off in Canadian $ income we get from A25. This loan facility could also (just a guess) form the platform for further expansion in Canada.
TCL advertised a "10 year BOND" (an IOU) in Canada and it was 'well received' which means the local Investors think TCL is a strong company. TCL finish the statement saying 'pricing was inside TCL's average cost of funding' so sounds like we got a good deal
All positive !
PS: if you know anyone in Dublin who can employ me I am open to offers !
Ann: Transurban Prices CAD650M Bond Issuance in Maple Market, page-3
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Last
$13.67 |
Change
0.015(0.11%) |
Mkt cap ! $42.46B | |||
| Open | High | Low | Value | Volume |
| $13.69 | $13.74 | $13.64 | $7.836M | 572.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 12411 | $13.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.67 | 10660 | 28 |
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| Last trade - 13.51pm 28/07/2025 (20 minute delay) ? |
| TCL (ASX) Chart |