On June 1, Transurban Finance Company (Transurban) (A-/Baa1/A-), the financing entity of Transurban Group, issued a new A$200 million (US$215 million) June 2016 domestic issue. The proceeds of the notes, combined with undrawn bank lines, will be used to repay an upcoming A$300 million September 2011 maturity. Investors holding the existing maturity have also been given the opportunity to redeem these notes early, at a rate of par plus accrued interest to the date of redemption.