MUFG

Wednesday, 26 February 2020
Feb/Mar 2020

USPP investors acknowledge competition – but issuers stay loyal

The US private placement market has arguably been the first choice for Australasian corporates’ capital-markets funding for many years. At a roundtable KangaNews and MUFG Securities hosted in Miami in January, USPP investors say they are aware that other funding options – including the Australian domestic market – are increasingly able to offer execution certainty, including at extended tenor. But they say USPPs still offer a compelling value proposition – and many Australia and New Zealand borrowers agree.

Wednesday, 14 April 2021

TransGrid launches eight-year senior-secured benchmark deal

NSW Electricity Networks Finance, the financing entity of TransGrid (Baa2), launched a new eight-year, domestic, senior-secured, benchmark transaction on 15 April. Indicative price guidance for the deal, which is expected to price on the day of launch, is 130 basis points area over semi-quarterly swap. ANZ and MUFG Securities are leading.

Tuesday, 13 April 2021

TransGrid taking indications of interest for eight-year domestic deal

NSW Electricity Networks Finance, the financing entity of TransGrid (Baa2), began taking indications of interest for a new eight-year, Australian dollar denominated, senior-secured, benchmark transaction on 14 April. The deal is being marketed at 130 basis points area over semi-quarterly swap, according to lead managers ANZ and MUFG Securities.

Monday, 12 April 2021

TransGrid planning eight-year domestic benchmark deal

On 12 April, NSW Electricity Networks Finance, the financing entity of TransGrid (Baa2), mandated ANZ and MUFG Securities to arrange an investor call on 13 April regarding a potential eight-year, Australian dollar denominated, senior-secured, benchmark transaction.

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