DBNGP launches benchmark seven-year domestic deal

On 21 May, DBNGP Finance (DBNGP) (BBB/Baa3), the financing entity of the Dampier to Bunbury National Gas Pipeline ownership group, launched a benchmark seven-year senior-secured domestic deal. The forthcoming transaction has indicative price guidance of 150 basis points area over semi-quarterly swap. Pricing is expected on the day of launch, according to lead managers ANZ and Mizuho Securities.