Ausgrid launches domestic debut

On 23 October, Ausgrid Finance (Ausgrid) (Baa1) launched a new, seven-year Australian dollar-denominated senior-secured bond. The forthcoming transaction, Ausgrid’s domestic debut, will be in either or both of fixed- and floating-rate format and has price guidance of 130 basis points area over swap benchmarks. Joint lead managers are Mizuho Securities, National Australia Bank and Westpac Institutional Bank.