AI assistant
APA GROUP — Capital/Financing Update 2019
Mar 11, 2019
64398_rns_2019-03-11_56a4ce7e-567a-46fe-91c2-509b0e1c96a6.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Australian Pipeline Ltd ACN 091 344 704 | Australian Pipeline Trust ARSN 091 678 778 | APT Investment Trust ARSN 115 585 441 Level 25, 580 George Street Sydney NSW 2000 | PO Box R41 Royal Exchange NSW 1225 Phone +61 2 9693 0000 | Fax +61 2 9693 0093 APA Group | apa.com.au
==> picture [118 x 47] intentionally omitted <==
12 March 2019
ASX ANNOUNCEMENT
APA Group (ASX: APA)
Pricing of GBP 400 million 12.3 year Medium Term Notes
APA Group (ASX: APA), a leading Australian energy infrastructure business, today announced that on 12 March 2019 (AEDT) it priced an offering of GBP 400 million of senior unsecured notes in the European debt capital markets pursuant to Regulation S. The notes will be issued by APA’s wholly-owned Baa2/BBB rated borrowing entity APT Pipelines Limited and will be guaranteed by Australian Pipeline Limited in its capacity as trustee and responsible entity of Australian Pipeline Trust and APT Investment Trust (“the Parent Guarantors”) and by certain subsidiaries of the Parent Guarantors.
The proceeds of the issue will be used to refinance debt maturing in May and July 2019, and for general corporate purposes.
The GBP 400 million of “long 12 year” notes, with a maturity date of 18 July 2031, have a fixed coupon rate of 3.125% per annum. The principal and interest obligations have been hedged into AUD dollars with an all-in fixed rate of 4.538%.
APA’s Chief Financial Officer, Peter Fredricson said, “This is another example of the great support that APA has from the global debt capital markets. We’re happy to extend the average tenor and lower the average cost of our debt portfolio with our third issue into the Sterling market.”
Settlement of the notes is expected to occur on 18 March 2019 and is subject to customary closing conditions.
==> picture [110 x 42] intentionally omitted <==
Nevenka Codevelle
Company Secretary Australian Pipeline Limited
For further information, please contact:
Investor enquiries: Media enquiries: Jennifer Blake Louise Watson Telephone: +61 2 9693 0097 Telephone: +61 2 8011 0591 Mob: +61 455 071 006 Mob: +61 419 185 674 Email: [email protected] Email: [email protected]
About APA Group (APA)
APA is a leading Australian energy infrastructure business, owning and/or operating in excess of $20 billion of energy infrastructure assets. Its gas transmission pipelines span every state and territory on mainland Australia, delivering approximately half of the nation’s gas usage. APA has direct management and operational control over its assets and the majority of its investments. APA also holds ownership interests in a number of energy infrastructure enterprises including SEA Gas Pipeline, SEA Gas (Mortlake) Partnership, Energy Infrastructure Investments and GDI Allgas Gas Networks.
APT Pipelines Limited is a wholly owned subsidiary of Australian Pipeline Trust and is the borrowing entity of APA Group.
For more information visit APA’s website, apa.com.au