Transurban prices $570 million private placement

Company News

by Rachael Jones

Transurban (ASX:TCL) has successfully priced a 350 million euro private placement of senior secured notes under its Euro Medium Term Note Programme.

Pricing was completed yesterday and settlement is expected on 3 July 2019.

Proceeds from the Notes will be swapped into fixed rate Australian dollars and will be used for general corporate purposes and to fund the development pipeline.

The Notes will rank equally with Transurban’s existing senior secured debt and will mature in July 2034.

Shares in Transurban (ASX:TCL) are trading 2.68 per cent lower at $14.88.