ETSA doubles up for return to hot A$ bonds

23 Nov 2012

ETSA Utilities Finance, the funding arm of SA Power Networks, combined a fixed rate tap with a new floating rate transaction to secure A$300m ($312.2m) of five year funding this week, becoming only the latest Australian corporation to take advantage of rising liquidity in the country’s bond market this year.

It is one of several Australian borrowers to increase its domestic bond issuance this year as the local market becomes increasingly able to offer competitive pricing and chunky volumes. The country’s corporations have sold $10.1bn of bonds so far this year, well above the $5.19bn they managed by ...

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