Oct 20 (Reuters) - Transurban Group TCL.AX
* Transurban queensland us private placement-tcl.ax
* Transurban queensland, in which transurban has a 62.5% interest, has priced approximately a$774 million of senior secured notes
* Settlement is expected to occur over two stages in december 2016 and january 2017
* All US$ proceeds from notes will be swapped into australian dollars and interest rate exposure will be hedged for term of notes.
* Notes will be issued in four tranches of approximately a$204 million, a$293 million, a$177 million and a$100 million
* Proceeds will be used to fully repay remainder of existing term bank debt which is due to mature in july 2019
* US private placement, together with other recent debt raisings increased average length of transurban queensland's debt book to about 9 yrs Source text for Eikon: ID:nSNZ3m0bDH Further company coverage: TCL.AX