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AusNet Services Announces Successfully Pricing NOK1.5B of Bonds

05 Mar 2019  |  16:15:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: AusNet Services Successfully Prices NOK1.5B of Bonds

AusNet Services announced that it has successfully priced a Norwegian Kroner 1.5bn, 10-year bond issue to raise A$246m. The proceeds will be used to refinance existing debt and fund capital expenditure. The Company maintains a diversified debt maturity profile and accesses its funds from a variety of sources. Its strong investment grade credit rating allows ready access to debt markets in Australia and offshore. As at 5 March 2019, the Company had A$767m of undrawn committed bank debt facilities.

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