Spark Infrastructure Group
(ASX:SKI) has announced it has raised $106,000 through its part owned subsidiary, Victoria Power Networks (Finance) Pty Ltd (VPNF).
Spark Infrastructure Group
(ASX:SKI) holds a 49% stake in Victoria Power Networks (CitiPower and Powercor) which finances the Melbourne electricity supply network.
The electricity network company says it will use the funds to refinance its pending debt maturities in July 2017.
Spark Infrastructure has raised a total of $503 million this calendar year, which will cover the group's 2017 refinancing.
Spark Infrastructure Group
(ASX:SKI) reported a net profit of $203.4 million after tax for the half-year to 31 December 2016.
