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BRIEF-Transurban says Transurban Queensland priced about A$900 mln in senior secured notes

Published 02/07/2015, 08:53 am
Updated 03/07/2015, 03:54 am
BRIEF-Transurban says Transurban Queensland priced about A$900 mln in senior secured notes
TCL
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July 2 (Reuters) - Transurban Group TCL.AX :

* Transurban Queensland inaugural US private placement TCL.AX

* Transurban Queensland, in which Transurban has a 62.5% interest, has priced approximately A$900 million in senior secured notes

* Proceeds from the notes will be used to fully repay the remainder of the senior debt bridge facility that is due to mature in July 2016

* The notes will be issued in three tranches of approximately A$200 million, A$300 million and A$400 million with tenors of 10, 12 and 15 years respectively

* Notes will rank equally with Transurban queensland's existing senior debt the weighted average cost of the three tranches is 5.7%.

* Settlement is expected to occur on 22 September 2015 and is subject to certain closing conditions.

* Source text for Eikon ID:nASX4B0Gq8

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