Herbert Smith Freehills Kramer advises AusNet on its A$1.1 billion Subordinated Notes issuance

Herbert Smith Freehills Kramer (HSF Kramer) has advised AusNet Services Holdings Pty Ltd (AusNet) on its highly successful A$1.1 billion subordinated notes issuance. The notes have a 30-year maturity, a 10-year non-call period and include the option for AusNet to defer interest payments.

Based in Victoria, AusNet is an Australian energy network business with over $14 billion in assets. It operates three core regulated networks: electricity distribution, gas distribution, and the state-wide electricity transmission network, and has a portfolio of contracted energy infrastructure.