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NBN to host investor meetings for green bonds starting March 8
Chicago, March 1 – Australia’s NBN Co. Ltd. (Aa3//AA+) will start fixed-income investor meetings on March 8 for a benchmark offering of green senior notes, according to a market source.
The broadband operator will be offering two tranches of euro-denominated notes. The tranches are expected to have six-year and 10-year tenors.
The Regulation S deal will be offered by Barclays, BNP Paribas, Deutsche Bank, HSBC and Societe Generale as joint bookrunners.
Proceeds will be used for eligible green projects. Sustainalytics provided a second-party opinion on the issuer’s green finance framework. The opinion will be updated on March 7.
The notes will come under NBN’s $50 billion medium-term note program.
NBN has headquarters in North Sydney.
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