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Company News Summary

SP AusNet Successfully Prices 700m Hong Kong Dollar Offer

20 Feb 2013  |  17:43:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: SP AusNet Successfully Prices 700M Hong Kong Dollar Offer

SP AusNet announced the successful pricing of a 700m 15 year Hong Kong Dollar bond issue to raise A$87m. The proceeds will be used to refinance existing debt and fund capital expenditure. As at 19 February 2013, the Company had A$430m cash on deposit and A$250m of non-current undrawn committed bank debt facilities.

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