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Transurban Group Announces Prices Benchmark Issuance in the Eurobond Market

07 Sep 2017  |  09:46:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Transurban Prices Benchmark Issuance in the Eurobond Market

Transurban Group announced that Transurban Finance Company has priced EUR500m of senior secured 10.5-year notes (the Notes) under its Euro Medium Term Note Programme. The Notes priced on 6 September 2017 and settlement is expected to occur on 13 September 2017 subject to customary closing conditions. All proceeds will be swapped into Australian dollars at a fixed interest rate and will be used to repay upcoming debt maturities, assist with funding its development pipeline and for general corporate purposes. The Notes will rank equally with its existing senior secured debt facilities and will mature in March 2028.

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