$300m 8-year domestic notes issued by TransGrid

16 April 2021

We are delighted to announce a successful follow-on issuance under our Australian Medium Term Note (“AMTN”) programme with pricing of $300m of 8 year fixed rate notes at a coupon of 2.732%. Subject to satisfaction of customary conditions precedent, settlement of the notes is expected to occur on 23 April 2021.

This follow-on issuance in the AMTN market continues TransGrid’s progression in diversification and extension of the tenor of our debt profile at an attractive cost. The transaction was supported by domestic and offshore capital market investors.

Commenting on the transaction, our CFO Jason Conroy said: “We are very pleased with the attractive pricing for our notes. The notes will provide further funding capacity, diversity and tenor for our debt portfolio. We would like to thank investors for their support.”

Australia and New Zealand Banking Group and Mitsubishi UFJ Financial Group acted as Joint Lead Managers for the issue. TransGrid was advised by RBC Capital Markets and King & Wood Mallesons.

Media contact
Kate Davies: 0438 437 466