Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Transurban Group ( (AU:TCL) ) has shared an announcement.
WestConnex Finance Company, the financing vehicle for the WestConnex toll road network in which Transurban holds a 50% stake, has priced A$1.21 billion in senior secured notes under its Australian Medium Term Note Programme. The issuance comprises A$660 million of six-year notes maturing in April 2032 and A$550 million of ten-year notes maturing in April 2036, ranking pari passu with existing senior debt and underscoring continued capital markets support for the long-dated funding needs of the WestConnex asset and Transurban’s broader infrastructure financing strategy.
The most recent analyst rating on (AU:TCL) stock is a Hold with a A$14.18 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 major operator and developer of toll roads, focusing on long-term infrastructure assets in Australia and selected international markets. Through its interests in projects such as WestConnex, the company provides urban road networks that support high-traffic corridors and plays a significant role in financing and managing large-scale transport infrastructure.
Average Trading Volume: 4,908,617
Technical Sentiment Signal: Buy
Current Market Cap: A$42.25B
See more insights into TCL stock on TipRanks’ Stock Analysis page.