Is Transurban Putting Up A Great Show?

  • CAD 200M bond issuance priced by Transurban
  • CAD650M Bond Issuance priced by Transurban in Maple Market
  • WestConnex Stage 1 closure of debt financial
  • Robust Financials through FY18

The company declared that Westlink M7 has priced A$345 million fixed rate 12-year, A$195 million fixed rate 15-year and A$75 million fixed rate 20-year senior secured notes in the US private placement market. Transurban as a company has a 50% interest in NWRG which is North Western Roads Group of which, M7 is a part.Â

To fully repay all of M7’s remaining term bank debt, which is due to mature in August 2019 and August 2021, the majority of the note proceeds will be used. To occur in December 2018, subject to usual closing conditions pricing was completed on 29 November 2018 and settlement is expected and these notes will rank equally with M7’s existing senior debt.

Transurban Cardinal Holdings Ltd. has priced CAD200 million of 4-year fixed rate senior secured notes as announced by Transurban. Cardinal is the holding company of the entities that ultimately own the A25 in Montreal, and Transurban has a 100% interest in Cardinal. Providing an effective balance sheet hedge for Transurban’s Canadian dollar investment in the A25, the Notes will remain in their local currency.

Under the Euro medium term note program the company announced, that the Transurban Finance Company Pvt. Ltd. which is the financing vehicle has priced CAD650 million of senior ten years notes. Subject to customary closing conditions the Notes priced on 5th November 2018 and settlement is expected to occur on 13th November 2018. The notes will mature in November 2028 and will rank equally with Transurban’s existing senior secured debt facilities.

The company recently announced that through a news senior bank debt facility has successfully raised around $4.0 billion of non-recourse debt for the New M4. The bank debt facility is split evenly across three- and five-year tenors and it owns a 25.5% interest in WCX.

Three focus areas naming ‘be good neighbors’, ‘use less’ and ‘think long term’. As a world-leading toll-road operator, the company has to set the highest standards in everything they do. The company has achieved decent work and economic growth. In FY18 the company has spent around $1.6 million across 1,700 external suppliers in day-to-day operations and major construction projects.

The company’s share price is trading at $11.490 and has seen a performance change of 71.02% over the past 60 months. Transurban has a price to earnings ratio (P/E) of 50.750 which is on higher side and earnings per share (EPS) of 0.227 AUD reflecting profitability of the firm. The company has an attractive dividend yield of 4.86% over the year and has overall performed well financially.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK