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BRIEF-Transurban says Transurban Finance Co Pty priced $550 mln senior secured 10 year notes

Published 28/10/2015, 11:35 am
© Reuters.  BRIEF-Transurban says Transurban Finance Co Pty priced $550 mln senior secured 10 year notes
TCL
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Oct 28 (Reuters) - Transurban Group TCL.AX :

* Transurban prices benchmark issuance in the US 144a bond market

* Transurban Finance Company pty ltd, the Transurban group's financing vehicle, has priced US$550 million of senior secured 10 year notes

* Settlement is expected to occur on 2 November 2015 subject to customary closing conditions

* Says approximately US$500 million of the proceeds will remain in US dollars and will be used to repay drawn debt

* Says notes will be issued at a fixed coupon of 4.125%

* Remainder of the notes have been swapped into Australian dollars and will be used for general corporate purposes"

* Notes will rank equally with transurban's existing senior secured debt facilities and will mature in February 2026

* Source text for Eikon ID:nASX3wQSMs

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