Transurban’s order book jammed with massive interest

By Jon Hay
08 Sep 2014

Transurban Group, the Melbourne-based toll roads group, brought its European roadshow last week to fruition on Monday with a €600m bond issue that was a bigger blowout than it could have dreamt of.

“I haven’t seen something that oversubscribed for a long time,” said a banker at one of the leads, Crédit Agricole, Goldman Sachs, Morgan Stanley and Royal Bank of Scotland. “We had a €4.7bn order book for a €600m deal, which is pretty amazing. We had over 300 lines ...

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