Issuance of Medium Term Notes
DBNGP Finance Co Pty Limited, the financing vehicle in the DBNGP group of entities (DBP), is pleased to confirm an issuance of A$70 million of 8 year medium term notes. This issuance is in addition to the A$55 million of notes priced and announced on 17 July 2015, taking the total volume to A$125 million.
The funds raised from this issuance will be applied to reduce existing 3 year bank debt commitments.
DBP’s CEO, Mr Stuart Johnston, said “This issuance demonstrates the continued support for DBP in the domestic bond market, providing access to meaningful tenor on reasonable terms.”
Gemma Tognini, gtmedia
0400 006 376
DBP Transmission is the trading name of the DBNGP group of entities that purchased the Dampier to Bunbury Natural Gas Pipeline in October 2004. DBP is majority owned by DUET Group (80%), with Alcoa a 20% minority owner.
The Dampier to Bunbury Natural Gas Pipeline (DBNGP) is the only natural gas pipeline connecting the Carnarvon Basin on Western Australia’s North-west Shelf with industrial, commercial and residential customers in Perth and the surrounding region. The pipeline runs from the Burrup Peninsula, near Dampier, to Bunbury in the south-west of the State.