Transurban Group's (ASX:TCL) financing vehicle, Transurban Finance Company, priced 650 million euros of senior secured 10-year notes and 300 million pounds of senior secured 15-year notes under its Euro Medium-Term Note Program, according to a Friday filing with the Australian bourse.
Settlement is expected on April 17, the filing said.
Proceeds will be swapped into Australian dollars and will be used to refinance maturing debt, fund the company's development pipeline, and for general corporate purposes, per the filing.
The notes will rank equally with Transurban's existing senior secured debt facilities and will mature in April 2035 and April 2040, respectively, the filing stated.
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