Transurban Finance Company prices 600m Euro in Eurobond market

Company News

by Rachael Jones

The Transurban Finance Company, the Transurban Group’s (ASX:TCL) financing vehicle, has priced €600 million of senior secured 10 year notes under its Euro Medium Term Note Programme.

The settlement is expected to occur on 16 May 2019 subject to customary closing conditions.

All proceeds will be swapped into Australian dollars at a fixed interest rate and will be used to refinance existing bank facility drawings.

It will also assist with funding their development pipeline and for general corporate purposes.

The Notes will rank equally with Transurban’s existing senior secured debt facilities and will mature in May 2029.

Shares in Transurban Group’s (ASX:TCL)
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.