Oct 20 (Reuters) - Transurban Group (TCL) Transurban queensland...

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    Oct 20 (Reuters) - Transurban Group (TCL)

    • Transurban queensland us private placement-tcl.ax
    • Transurban queensland, in which transurban has a 62.5% interest, has priced approximately a$774 million of senior secured notes
    • Settlement is expected to occur over two stages in december 2016 and january 2017
    • All US$ proceeds from notes will be swapped into australian dollars and interest rate exposure will be hedged for term of notes.
    • Notes will be issued in four tranches of approximately a$204 million, a$293 million, a$177 million and a$100 million
    • Proceeds will be used to fully repay remainder of existing term bank debt which is due to mature in july 2019
    • US private placement, together with other recent debt raisings increased average length of transurban queensland's debt book to about 9 yrs
 
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(20min delay)
Last
$13.57
Change
-0.060(0.44%)
Mkt cap ! $42.18B
Open High Low Value Volume
$13.61 $13.67 $13.49 $69.93M 5.156M

Buyers (Bids)

No. Vol. Price($)
1 2056 $13.56
 

Sellers (Offers)

Price($) Vol. No.
$13.58 1000 1
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