Business Services Industry
Transurban completes first stage of A$430 million hybrids (March 7 2003).
Australasian Business Intelligence, March, 2003
Mar 09, 2003 (The Australian Financial Markets Newsletter - INSTO - ABIX via COMTEX) -- Transurban Infrastructure Management has completed the institutional component of its $A430m convertible adjusting rate securities (CARS) offer. The BBB offer was jointly led by Macquarie Bank and Salomon Smith Barney. The CARS offering was comprised of two main parts: $A355m of CARS sold via an entitlement offer where Transurban security holders receive one CARS for every 144 Transurban securities held; and $A75m institutional offer to non-shareholders. The strike price is $A6.03 with a minimum conversion number of 17 Transurban Group securities.
Publication Date: 7 March 2003
TRANSURBAN GROUP LIMITED - ASX TCL:
TRANSURBAN INFRASTRUCTURE LIMITED:...
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