Aurizon feeds Europe’s thirst for Aussie infra bonds

By GlobalCapital
11 Sep 2014

Euro investors lapped up a second helping of Australian infrastructure bonds on Thursday, placing more than €3.1bn of orders for an inaugural 10 year deal from rail freight operator Aurizon.

The issue came soon after Monday’s €600m 10 year transaction from Melbourne-based toll roads firm Transurban Group, which syndicate officials said was a handy comparable for investors.

Transurban, rated Baa1/A-/A-, had attracted €4.7bn of demand for its issue and priced at 82bp over mid-swaps.

Bookrunners Bank of ...

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