By Cristal Cody
Prospect News, June 21 -APT Pipelines Ltd. (Baa2/BBB/), an entity of Australian energy infrastructure company APA Group, sold C$300 million of 4.245% seven-year maple bonds in Canada on Thursday at 99.997 to yield 4.246%, an informed bond source said.
APT Pipelines sold the medium-term notes due July 24, 2019 at a spread of 276.3 basis points over the Government of Canada benchmark.
Scotia Capital Inc. was the bookrunner.
Sydney-based APA Group, which is made up of the Australian Pipeline Trust and the APT Investment Trust, is Australia's natural gas infrastructure company.
Issuer: | APT Pipelines Ltd.
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Amount: | C$300 million
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Maturity: | July 24, 2019
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Securities: | Medium-term notes
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Bookrunner: | Scotia Capital Inc.
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Coupon: | 4.245%
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Price: | 99.997
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Yield: | 4.246%
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Spread: | 276.3 bps Government of Canada benchmark
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Pricing date: | June 21
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Settlement date: | June 28
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Ratings: | Moody's: Baa2
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| Standard & Poor's: BBB
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Distribution: | Canada
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Marketing: | Roadshow
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