UnitedNetworks confirms notes issue

The electricity and gas company says the transaction completes the initial issuance under its A$1 billion Australian debt issuance programme, announced last week.

Proceeds from the notes will be will be used to refinance existing bank debt in New Zealand.

UNL is not releasing any pricing details but says the notes were place by National Australia Bank acting as lead manager,.

The company recently finalised a $175 million six-year bond issue in New Zealand at a coupon rate of 6.5%.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Two listed lines companies make the grade
Special Report: Electricity - Worth A Flutter?