DBP prices A$300 million Medium Tern Notes

November 02, 2012

DBNGP Finance Co Pty Limited (Baa3/BBB-) today priced a A$300 million issue of Fixed Rate 7 Year Medium Term Notes. The Notes can be summarised as follows:

Settlement Date:   8 November 2012
Maturity Date:    11 October 2019
Pricing:    Fixed rate coupon of 6.00%

The Joint Lead Managers to the bond issuance were Commonwealth Bank of Australia and Westpac Institutional Bank.

DBP’s Chief Executive Officer, Stuart Johnston, said “The funds raised will be applied to refinance the remaining $170 million of bonds maturing in April 2013 and other higher priced debt facilities.

As a result of this successful bond transaction and our recent $155 million Japanese bank debt transaction, DBP’s remaining term debt maturity next year is a $138 million bank debt facility due in December 2013 and plans are already underway to refinance it by the end of this year.”

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Media Contact
Gemma Tognini, gtmedia
0400 006 376

Background
DBP

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%, in aggregate), with Alcoa a 20% minority owner.

The DBNGP

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.

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