Ausgrid transaction specifics
Ausgrid has disclosed transaction and distribution data for all its latest deals with KangaNews, including geographic and investor-type distribution.
| 7-year euro | 5-year 144A/Reg S | 10-year 144A/Reg S | |
|---|---|---|---|
| Pricing date | 19 April 2018 | 23 April 2018 | 23 April 2018 |
| Settlement date | 30 April 2018 | 1 May 2018 | 1 May 2023 |
| Maturity date | 30 April 2025 | 1 May 2023 | 1 May 2023 |
| Lead managers | BNP Paribas, Credit Agricole, HSBC | ANZ, Bank of America Merrill Lynch, HSBC | ANZ, Bank of America Merrill Lynch, HSBC |
| Volume | €650 million | US$500 million | US$500 million |
| Coupon type | fixed | fixed | fixed |
| Coupon rate | 1.25% | 3.85% | 4.35% |
| Initial price guidance | 75bp/mid | 120bp/UST | 150bp/UST |
| Final margin to swap | 65bp/mid | 105bp/UST | 140bp/UST |
