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Published on 8/9/2012 in the Prospect News Emerging Markets Daily.

New Issue: SP AusNet prices HK$400 million of 15-year bonds

By Angela McDaniels

Tacoma, Wash., Aug. 9 - SP AusNet priced HK$400 million of bonds due August 2027, according to a company news release.

The proceeds will be used to refinance existing debt and to fund capital expenditures.

This is the company's fourth bond issue involving the Asian market in the last 12 months, chief financial officer Geoff Nicholson said in the release.

SP AusNet provides electricity and gas and is based in Southbank, Australia.


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