ETSA Utilities Finance Pty Ltd.'s A$1 Billion Medium-Term Notes Program And A$250 Million Proposed Bond Issue Rated 'A-' - S&P Global Ratings’ Credit Research

ETSA Utilities Finance Pty Ltd.'s A$1 Billion Medium-Term Notes Program And A$250 Million Proposed Bond Issue Rated 'A-'

ETSA Utilities Finance Pty Ltd.'s A$1 Billion Medium-Term Notes Program And A$250 Million Proposed Bond Issue Rated 'A-' - S&P Global Ratings’ Credit Research
ETSA Utilities Finance Pty Ltd.'s A$1 Billion Medium-Term Notes Program And A$250 Million Proposed Bond Issue Rated 'A-'
Published Mar 23, 2011
Published Mar 23, 2011
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

MELBOURNE (Standard&Poor's) March 24, 2011--Standard&Poor's Ratings Services today said that it had assigned its 'A-' long-term ratings to ETSA Utilities Finance Pty Ltd.'s (A-/Stable/NR) A$1 billion medium-term notes (MTN) program and its proposed maiden A$250 million bond issue. ETSA Utilities Finance Pty Ltd. is the financing arm of ETSA Utilities (collectively ETSA). The fixed-rate senior unsecured notes are expected to be issued with a coupon of 6.75% and a tenor of 5.5 years. The proceeds of the bond issue are to partially fund ETSA Utilities' capital expenditure requirements for approximately the next 12 months. The 'A-/Stable' corporate credit rating on ETSA, the sole electricity distributor in the state of South Australia (AAA/Stable/A-1+), reflects our view of

  
Report Type:

Ratings Action

Ticker
1504Z@AU
Issuer
ETSA Utilities Finance Pty Ltd.
GICS
Electric Utilities (55101010)
Sector
Global Issuers, Structured Finance
Country
Australia
Region
Pacific
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "ETSA Utilities Finance Pty Ltd.'s A$1 Billion Medium-Term Notes Program And A$250 Million Proposed Bond Issue Rated 'A-'" Mar 23, 2011. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/ETSA-Utilities-Finance-Pty-Ltd-s-A-1-Billion-Medium-Term-Notes-Program-And-A-250-Million-Proposed-Bond-Issue-Rated-A-856167>
  
APA:
S&P Global Ratings’ Credit Research. (). ETSA Utilities Finance Pty Ltd.'s A$1 Billion Medium-Term Notes Program And A$250 Million Proposed Bond Issue Rated 'A-' Mar 23, 2011. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/ETSA-Utilities-Finance-Pty-Ltd-s-A-1-Billion-Medium-Term-Notes-Program-And-A-250-Million-Proposed-Bond-Issue-Rated-A-856167>
  
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