Downer completes wholesale debt capital markets transaction
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Media/ASX and NZX Release
30 May 2018
DOWNER COMPLETES JPY10 BILLION (AUD120 MILLION) WHOLESALE DEBT
CAPITAL MARKETS TRANSACTION
Downer EDI Limited (Downer) announced today it has issued JPY10 billion (approximately
AUD120 million equivalent) of medium term notes under its existing debt issuance program
(“Notes”). The Notes have a 15-year tenor and mature in May 2033.
The Notes were issued on a fixed rate Yen basis and fully hedged into fixed rate Australian dollars.
The funds will be used for general corporate purposes.
The Chief Financial Officer of Downer, Michael Ferguson, said this was Downer’s first transaction
in the Japanese institutional investor market.
“We have achieved our objectives of increasing the company’s borrowing capacity, further
extending the maturity profile and continuing to diversify our funding sources,” Mr Ferguson said.
“The 15-year tenor is a notable feature of the transaction and is well suited to the increasing
number of long term contracts being delivered across the Downer Group. The company is very
pleased to have obtained Japanese institutional investor support and the new transaction will
increase the weighted average maturity of Downer’s borrowings to 4.6 years”
Application has been made for the Notes to be quoted as a wholesale debt listing on the Australian
Securities Exchange.
The transaction was arranged by SMBC Nikko Capital Markets Limited.
The Notes have been assigned an expected rating of BBB (EXP) by Fitch Ratings.
For further information please contact:
Michael Sharp, Group Head of Corporate Affairs and Investor Relations +612 439 470145
About Downer
Downer is the leading provider of integrated services in Australia and New Zealand and customers are at the
heart of everything it does. It exists to create and sustain the modern environment and its promise is to work
closely with its customers to help them succeed, using world-leading insights and solutions to design, build
and sustain assets, infrastructure and facilities. Downer employs approximately 56,000 people across more
than 300 sites, primarily in Australia and New Zealand, but also in the Asia-Pacific region, South America
and Southern Africa. It also owns 88 per cent of Spotless Group Holdings Limited. For more information visit
downergroup.com.
Downer EDI Limited
ABN 97 003 872 848
Triniti Business Campus
39 Delhi Road
North Ryde NSW 2113
1800 DOWNER
www.downergroup.com
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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