USPP continues to work for Australian corporates, Ausgrid’s debut shows
- Friday, 18 August 2017
Ausgrid made its US private-placement (USPP) market debut in early August, with a US$1.885 billion-equivalent transaction comprising 10-, 12- and 15-year tranches. Sources say the deal’s record-breaking outcome demonstrates the extent to which USPP remains a viable funding option for Australian corporates in long maturities – even if it has been cannibalised by the domestic market out to 10 years.
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