By Lisa Kerner
Charlotte, N.C., July 23 - Leighton Holdings Ltd. issued $350 million of guaranteed senior notes in the United States, according to a company news release.
The issue included $90 million of five-year notes, $145 million of seven-year notes and $115 million of 10-year notes.
There were 18 U.S.-based institutional investors, including insurance companies and pension funds, and one Australian institutional investor, the release said.
Leighton chief financial office Peter Gregg said the placement was done to further diversify and extend the maturity of Leighton's core debt portfolio.
HSBC and JPMorgan led the placement.
Leighton is an Australian contract mining company based in St. Leonards, New South Wales.
| Issuer: | Leighton Holdings Ltd.
|
| Issue: | Guaranteed senior notes
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| Amount: | $350 million
|
| Settlement date: | July 21
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| Distribution: | Private placement
|
|
|
| First tranche
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| Amount: | $90 million
|
| Maturity: | Five years
|
|
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| Second tranche
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| Amount: | $145 million
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| Maturity: | Seven years
|
|
|
| Third tranche
|
| Amount: | $115 million
|
| Maturity: | 10 years
|
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