WestConnex’s A$650 Million Fixed Rate Senior Secured Bond Offering

King & Wood Mallesons acted for WestConnex on the establishment of an Australian Medium Term Note programme and issuance.

The issuance was a 10-year fixed rate senior secured bond for $650m – one the largest 10-year issuances in the domestic market’s history. Pricing was completed on 23 March 2021 and settlement of the notes occurred on 31 March 2021. The notes will rank equally with WestConnex’s existing senior secured debt.

The KWM team advising WestConnex was led by Partners Tim Ma (Picture) and Claire Rogers, and supported by Senior Associate Amy Maguire, and Solicitors, Claudia Martin and Lily Rayment.

Involved fees earner: Tim Ma – King & Wood Mallesons; Amy Maguire – King & Wood Mallesons; Claudia Martin – King & Wood Mallesons; Lily Rayment – King & Wood Mallesons; Claire Rogers – King & Wood Mallesons;

Law Firms: King & Wood Mallesons;

Clients: WestConnex Delivery Authority (WDA);

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Sonia Carcano

Author: Sonia Carcano