Transurban
A decade of development
The KangaNews-Westpac Corporate Debt Summit debuted in 2011, with a relatively small audience and a market that could not yet take consistent supply of corporate bonds for granted. In the decade since, the event and the market have grown and diversified. By 2019 – the last year before COVID-19 put the in-person event on hiatus – registrations had more than trebled, to nearly 600, and the event’s agenda covered not just corporate debt but a raft of issues relevant to the economic and business environment.
USPP door still open despite Australasian issuance drought
The US private placement market is a well-trodden stomping ground for many Australian- and New Zealand-based borrowers, but issuance from the region has been lacking since the onset of the COVID-19 pandemic. However, market users say US pricing is swinging round for offshore corporates and expect more issuance in H2 2021, pointing to a jumbo new deal from an Australian issuer as a sign of the market’s ongoing value.
Transurban Queensland prints A$300 million 10.25-year transaction
Transurban Queensland launches 10.25-year domestic deal
Transurban Queensland Finance (BBB by S&P), a wholly owned subsidiary of Transurban Queensland Group, launched a new Australian dollar denominated, 10.25-year transaction on 27 April. Indicative price guidance for the deal, which is expected to price on the day of launch, is 170 basis points area over semi-quarterly swap. ANZ, Commonwealth Bank of Australia and SMBC Nikko are leading.
Transurban Queensland taking indications of interest for 10.25-year deal
On 26 April, Transurban Queensland (BBB by S&P) began taking indications of interest for a potential Australian dollar denominated, 10.25-year transaction. The deal is being marketed at 170 basis points area over semi-quarterly swap. ANZ, Commonwealth Bank of Australia and SMBC Nikko are leading.
Transurban Queensland exploring long 10-year Australian dollar deal
On 19 April, Transurban Queensland Finance (BBB by S&P), a wholly owned subsidiary of the Transurban Group, revealed plans for a potential long 10-year, Australian dollar denominated, senior-secured, benchmark transaction. ANZ, Commonwealth Bank of Australia and SMBC Nikko have been mandated to arrange a series of investor calls beginning 21 April.
