Victoria Power Networks (VPN) says it used a multitranche structure for its latest domestic deal to maximise capacity as investors’ tenor preference has shortened in recent weeks. Overall demand appears to be holding up, as VPN priced its A$700 million (US$541.4 million) deal on the same day as NSW Electricity Networks Finance executed a A$300 million eight-year transaction.
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Sydney Airport the latest domino to fall as Australia’s corporate market proves its mettle
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