Transpower announces Australian Medium Term Note funding

22 August 2013

Transpower announced today that it has issued AUD$300 million Senior Unsecured Notes to Australian and Asian institutional investors.

Settlement: 28 August 2013
Maturity: 28 August 2023
Coupon: 5.75%

All proceeds have been swapped back into NZD$.

Proceeds from the issue will be used for general corporate purposes, including the capital expenditure requirements of the Transpower Group.