New York, March 31 - Asciano Ltd. priced $1 billion of senior guaranteed notes in two parts, $750 million of seven-year notes and $250 million of 12-year notes.
The seven-year notes priced with a 5% coupon and the 12-year notes with a 6% coupon.
J.P. Morgan Securities LLC, Morgan Stanley & Co., Inc. and RBS Securities Inc. brought the Rule 144A and Regulation S offering to market. The issuer was Asciano Finance Ltd.
Full terms were not available at press time.
Proceeds will be used to repay bank debt.
Asciano is a Melbourne, Australia-based transportation infrastructure company operating ports and railroads.
| Issuer: | Asciano Finance Ltd. (Asciano Ltd.)
|
| Issue: | Senior guaranteed notes
|
| Amount: | $1 billion
|
| Managers: | J.P. Morgan Securities LLC, Morgan Stanley & Co., Inc. and RBS Securities Inc.
|
| Pricing date: | March 21
|
| Settlement: | April 7
|
| Distribution: | Rule 144A, Regulation S
|
|
|
| Seven-year notes
|
| Amount: | $750 million
|
| Maturity: | April 7, 2018
|
| Coupon: | 5%
|
|
|
| Twelve-year notes
|
| Amount: | $250 million
|
| Maturity: | April 7, 2023
|
| Coupon: | 6%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
