Ausgrid plans to sell five- and/or 10-year senior notes

By Devika Patel

Knoxville, Tenn., April 4 – Ausgrid Finance Pty Ltd. (Baa1/BBB) said it plans to price a benchmark dollar-denominated offering of five-year and/or 10-year senior unsecured notes.

The company may also price a seven- to 12-year issue of euro-denominated senior secured notes.

ANZ, BofA Merrill Lynch and HSBC Securities (USA) Inc. will arrange fixed income investor meetings in Sydney, Asia and the United States, and BNP Paribas Securities Corp., Credit Agricole CIB and HSBC Securities will arrange fixed income investor meetings in Europe.

Proceeds will be used to repay near-term bank facilities and for general corporate purposes.

The electricity infrastructure company is based in Sydney, Australia.

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