Event non-ATF Mobile
  • 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.


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