Corporate pipeline pumping with Adelaide Airport to follow Transurban

The long-anticipated reopening of the Australian corporate bond pipeline commenced on March 15 with Transurban (A-/Baa1/A-) selling A$250 million (US$228.38 million) of four-year, fixed-rate medium-term notes (MTNs) as part of a planned extension of its maturity profile. A number of other issuers are also understood to be close to bringing deals to market, with a refinancing from Adelaide Airport (BBB/Baa2) the latest mooted offering.