Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised the joint lead managers, ANZ, Bank of America, HSBC, MUFG and NAB on AusNet’s recent issuance of A$1.1 billion subordinated notes.
This was another record breaker for AusNet, attracting A$9 billion of demand a year on from its 2025 issuance which was Australia’s largest ever corporate hybrid issuance at the time.
AusNet is a diversified energy infrastructure business that owns and operates the primary regulated Victorian electricity transmission network, as well as an electricity distribution network in eastern Victoria and a gas distribution network in western Victoria, with over A$13 billion in assets.
Led by partner Jo Dodd, Corrs’ DCM team advised the JLMs on all aspects of the transaction.
Commenting on the matter, Jo Dodd said: “We are thrilled to have again advised on an AusNet hybrid. The issuance supports AusNet in enhancing its financial flexibility for growth and maintaining stable credit ratings.
“The transaction enhances Corrs’ reputation as a top-tier, trusted adviser on debt capital markets transactions.”