Transurban completes buyback and new issue [UPDATED]
On June 1, Transurban Finance Company (Transurban) (A-/Baa1/A-), the financing entity of
Transurban Group, issued a new A$200 million (US$215 million) June 2016 domestic issue. The proceeds of the notes, combined with undrawn bank lines, will be used to repay an upcoming A$300 million September 2011 maturity. Investors holding the existing maturity have also been given the opportunity to redeem these notes early, at a rate of par plus accrued interest to the date of redemption.
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Kauri momentum continues with EIB FRN [UPDATED]
European Investment Bank (EIB) (AAA/Aaa/AAA) is the fourth supranational, sovereign and agency (SSA) borrower to access the Kauri market in two weeks, completing a NZ$200 million (US$164.4 million) 10-year floating rate note (FRN) issue on May 30.
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