UED launches seven-year fixed senior deal
- Wednesday, 22 January 2025
Disclosure type: launch
Issuer name: United Energy Distribution
Issuer rating: A- (S&P)
Announcement date: 22 January 2025
Expected pricing date: 22 January 2025
Lead manager: ANZ, Commonwealth Bank of Australia, Westpac Institutional Bank
Transaction type: senior-unsecured bond
Currency: AUD
Indicative volume: benchmark
Tenor: seven years
Coupon type: fixed
Price guidance: 135bp/s-q swap
WOMEN IN CAPITAL MARKETS Yearbook 2024
KangaNews's annual yearbook amplifying female voices in the Australian capital market.
Related news
Sydney Airport lays down corporate new-issuance marker after hiatus
A seven-year deal from Sydney Airport re-opened Australia’s corporate bond market on 16 April, launching and pricing intraday after strong support from domestic accounts gave confidence to the borrower, deal sources say. There is also growing optimism that the pipeline of deals currently on hold should see some movement, though the holiday and data calendar poses challenges.
Watching brief for Australian issuers after euros and dollars reopen
The first signs that a global hiatus in new credit issuance sparked by trade turbulence was coming to an end, included Australian corporate funding in Europe. While credit issuers are yet to test Australian dollar appetite, even as local names print abroad, a new semi-government deal mandated on 11 April hints at the potential for better conditions ahead.