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SP AusNet raises $430 million of bonds

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SYDNEY, Feb 7 AAP

February 07 2013, 6:43PM

Energy distributor SP AusNet says it has successful priced a total of $430 million Australian dollarbond issues via two offerings.

The first was for $A300 million of a new seven-year bond and the second is an additional issuance of its existing June 2022 bonds.

The proceeds will be used to refinance existing debt and to fund growth capital expenditure.

Chief financial officer Geoff Nicholson said the company was very pleased with the strong demand, from Australian, Asian and European investors.