DBP Prices A$550 Million Medium Term Notes

September 24, 2010

DBNGP Finance Co Pty Limited (Baa3/BBB-) today priced an A$550 million issue of Medium Term Notes. The Notes can be summarised as follows:

Settlement Date: 29 September 2010
Maturity Date: 29 September 2015
Pricing: Margin of 300bps above relevant benchmark
Split between Fixed and Floating: A$150 million Fixed
A$400 million Floating

The Joint Lead Managers to the bond issuance were Commonwealth Bank and Macquarie Capital Advisors.

DBP’s Chief Executive Officer, Stuart Johnston, said “This is a significant transaction for DBP which reflects the strength of our reputation and underlying credit profile. We’re extremely pleased with the strength of demand for these notes and believe it demonstrates confidence in the prospects for the Dampier to Bunbury Natural Gas Pipeline.”

“This is one of the most significant corporate deals done in the Australian domestic bond market and further enhances DBP’s track record of accessing debt markets in an optimal fashion.”


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