APA market-opener could be first of many corporate yen deals, lead says
- Tuesday, 24 January 2012
APA Group (APA) (BBB/Baa2) has become the first Australian energy utility to issue a yen transaction in several years having priced a Y$10 billion (US$123.7 billion), 6.5-year deal on January 24. The proceeds of the 1.226 per cent coupon transaction have been exchanged for A$125.9 million that will be repaid at a 6.8 per cent coupon.
