Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised the dealers and joint lead managers, Barrenjoey/Barclays, Commonwealth Bank of Australia, Mizuho and Westpac Institutional Bank on AusNet’s record issuance of A$950 million of hybrid bonds (30-year non-call six structure) – Australia’s largest ever corporate hybrid issuance.
AusNet is Victoria’s largest diversified energy network business and a frequent issuer in domestic and offshore debt capital markets.
Led by partner Jo Dodd and supported by Chloe Delahunt-Devlin, Corrs advised the banks on all aspects of the transaction.
Commenting on the matter, Jo Dodd said: “We are very pleased to have advised the JLMs on this record-breaking transaction in the Australian debt capital markets.
“The transaction enhances Corrs reputation in the market as a top-tier, trusted adviser on debt capital markets transactions.”