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An announcement from Downer EDI Limited ( (AU:DOW) ) is now available.
Downer EDI Limited has raised A$400 million through a seven-year Medium Term Note issue priced at 6.488% under its A$1.25 billion Debt Issuance Programme, following strong demand from domestic and international fixed income investors. The deal, led by Westpac, Mizuho Securities Asia and MUFG Securities Asia, is expected to settle on 28 April 2026.
Proceeds will extend the group’s average debt maturity to about four years as at 30 June 2026, diversify its funding base and refinance A$500 million of maturing notes, reflecting improved balance sheet strength and reduced committed debt needs. Management said the robust take-up from both existing and new lenders underlines confidence in Downer’s BBB (Stable) credit profile and supports the company’s ability to fund its infrastructure services pipeline across Australia and New Zealand.
The most recent analyst rating on (AU:DOW) stock is a Buy with a A$8.65 price target. To see the full list of analyst forecasts on Downer EDI Limited stock, see the AU:DOW Stock Forecast page.
More about Downer EDI Limited
Downer EDI Limited is a leading provider of integrated services across Australia and New Zealand, delivering and maintaining essential infrastructure that supports communities and economic growth. The company operates across sectors including transport, utilities, telecommunications, energy networks, health, education, defence and other government services, with demand driven by energy transition, defence capability and infrastructure expansion.
Average Trading Volume: 1,360,315
Technical Sentiment Signal: Buy
Current Market Cap: A$4.85B
Learn more about DOW stock on TipRanks’ Stock Analysis page.