asx release
26 November 2013
Transurban announces that the Eastern Distributor (ED), in which Transurban has a 75.1% interest, will issue A$300 million of secured fixed rate 7-year notes (Notes).
ED currently has A$520 million of debt of which A$295 million matures in July 2014. The new Notes will repay that tranche and associated transaction costs.
The Notes will mature in November 2020 and rank equally with ED's remaining debt tranche.
The book-build was completed on 26 November 2013 and the notes will be issued at a fixed coupon of
5.5%. Settlement of the Notes is expected to occur on 9 December 2013 and is subject to customary closing conditions.
Transurban CFO Samantha Hogg said of the issue: "This represents the inaugural issuance for a NSW toll road in the unwrapped domestic bond market and the first for a Transurban owned asset. It represents a further diversification of Transurban's debt portfolio and highlights the continued attraction of Transurban's assets to debt investors. Transurban has been working closely with the NSW Government to enable this transaction and looks forward to further issuance across the NSW toll road portfolio."
Company Secretary
Investor enquiries Henry Byrne
General Manager, Communications, Media and Investor Relations
+61 438 564 245
Transurban International Limited
ABN 90 121 746 825
Transurban Holdings Limited
ABN 86 098 143 429
Transurban Holding Trust
ABN 30 169 362 255
ARSN 098 807 419 corporate@transurban.com
www.transurban.com
Level 3
505 Little Collins Street
Melbourne
Victoria 3000 Australia
Telephone +613 8656 8900
Facsimile +613 9649 7380
Level 5
50 Pitt Street
Sydney
NSW 2000 Australia
Telephone +612 9254 4900
Facsimile +612 9254 4990
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