APA to debut in domestic market with A$200 million minimum

Natural gas infrastructure provider APA Group (APA) (BBB/Baa2) launched its first domestic bond issue on July 14, announcing that it will place a minimum of A$200 million (US$176.7 million) of 10-year notes at an indicative margin of 240 basis points over semi-quarterly swap. The deal's issuer will be APA's common funding vehicle, APT Pipelines.