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The latest announcement is out from Transurban Group ( (AU:TCL) ).
Transurban Group has successfully closed a €500 million issuance of senior secured 12-year notes in the Eurobond market through its subsidiary, Transurban Finance Company Pty Ltd. This strategic financial move under its Euro Medium Term Note Programme is expected to strengthen Transurban’s financial position and enhance its ability to invest in infrastructure projects, potentially impacting its market positioning and offering benefits to its stakeholders.
The most recent analyst rating on (AU:TCL) stock is a Hold with a A$13.93 price target. To see the full list of analyst forecasts on Transurban Group stock, see the AU:TCL Stock Forecast page.
More about Transurban Group
Transurban Group is a prominent player in the infrastructure industry, primarily focusing on the development and operation of toll roads. The company is known for its extensive network of urban toll road infrastructure, which plays a critical role in facilitating transportation and connectivity in major cities.
Average Trading Volume: 4,706,679
Technical Sentiment Signal: Buy
Current Market Cap: A$47.25B
Learn more about TCL stock on TipRanks’ Stock Analysis page.