UED prices A$170 million seven-year domestic deal

Thursday, 12 October 2017

Issuer: United Energy Distribution
Issuer rating: BBB+/S&P
Issue rating: as issuer
Pricing date: 12 October 2017
Settlement date: 23 October 2017
Maturity date: 23 October 2024
Lead managers: ANZ, National Australia Bank

Volume: A$170 million (US$132.7 million)
Total outstanding in the line: A$170 million
Coupon type: fixed
Coupon rate: 3.85%
Issue/re-offer price: 99.696%
Issue yield: 3.9%
Margin to swap: 125bp/s-q