Debt Investors

• Commitment to investment grade credit ratings.
• Diversify source where pricing is favourable.
• Maintain access to diverse debt capital markets.
• Extend average tenor of debt and maintain good maturity spread profile.

Bank Loans

Aurizon Finance has bilateral bank debt facilities totalling $A540 million and syndicated bank debt facilities totalling $350 million. Aurizon Network has bilateral bank debt facilities totalling $A1.29 billion.

Institutional Term Facilities

In December 2023, Aurizon Network established an Institutional Term Facility across 5 and 6 year tranches, totalling A$260 million and A$240 million, and maturing in December 2028 and December 2029 respectively.

Australia Dollar Corporate Bonds

In September 2019, Aurizon Network issued a 10.5 year A$ Private Placement with a face value of $82 million, maturing on 22 March 2030. The bond was issued at a fixed rate with a semi-annual coupon of 2.885 per cent per annum.

In August 2020, Aurizon Network priced a 10 year Medium Term Note with a face value of A$500 million, maturing on 2 September 2030. The bond was issued at a fixed rate with a semi-annual coupon of 2.90 per cent per annum.

In March 2021, Aurizon Finance (Operations) priced a 7 year Medium Term Note with a face value of A$500 million, maturing on 9 March 2028. The bond was issued at a fixed rate with a semi-annual coupon of 3.00 per cent per annum. The issuance represented Aurizon Finance’s (Operations) debut issue in the A$ bond market.

In June 2021, Aurizon Network issued a 10.5 year A$ Private Placement with a face value of A$75 million, maturing on 15 December 2031.  The bond was issued at a fixed rate with a semi-annual coupon of 3.291 per cent per annum.

In December 2022, Aurizon Network issued 10 year and 12 year A$ Private Placements with a face value of A$50 and A$20 million respectively, maturing on 21 December 2032 and 21 December 2034. The 10 year bond was issued at a fixed rate with a semi-annual coupon of 6.39 per cent per annum and the 12 year bond was issued at a fixed rate with a semi-annual coupon of 6.56 per cent per annum. In February 2023, a further A$30m face value of the 10 year line occurred via a ‘tap’, increasing the total outstanding to A$80m.

In November 2024, a further A$100m face value of the 12 year line occurred via a ‘tap’, increasing the total outstanding to A$120m. 

In March 2024, Aurizon Network priced a 7.5 year Medium Term Note with a face value of A$350 million, maturing on 12 September 2031. The bond was issued at a fixed rate with a semi-annual coupon of 6.10 per cent per annum.

In December 2024, Aurizon Network priced a 9 year MTN with a face value of A$300 million, maturing on 5 December 2033. The bond was issued at a fixed rate with a semi-annual coupon of 6.20 per cent per annum.

Euro Corporate Bonds

In May 2016 Aurizon Network priced a 10 year Euro Medium Term Note with a face value of €500 million, maturing on 1 June 2026. The bond was issued with a coupon of 3.125¹ per cent per annum. 

In May 2024 Aurizon Network priced a 10 year Japanese Yen Private Placement with a face value of ¥7b, maturing on 23 May 2034. The bond was issued at a fixed rate with a semi-annual coupon of 2.00² per cent per annum.

United States Private Placement Notes

In April 2023, Aurizon Network priced the following series of United Statements Private Placement notes across USD and AUD denominations:

• 10 year A$55 million face value maturing on 28 June 2033
• 12 year A$55 million face value maturing on 28 June 2035
• 10 year US$87 million face value maturing on 28 June 2033
• 12 year US$45 million face value maturing on 28 June 2035

This issuance represented Aurizon Network’s debut issue in the United States Private Placement market.

In June 2023, Aurizon Finance (Operations) priced the following series of United States Private Placement notes across USD and AUD denominations:

• 10 year A$50 million face value maturing on 26 July 2033
• 11 year A$50 million face value maturing on 26 July 2034
• 7 year US$133 million face value maturing on 26 July 2030
• 10 year US$70 million face value maturing on 26 July 2033
• 12 year US$70 million face value maturing on 26 July 2035

This issuance represented Aurizon Finance’s (Operations) debut issue in the United States Private Placement market.

Other Bank Loans - Working Capital Agreement

Aurizon Finance and Aurizon Network have bilateral working capital facility agreements for A$125 million and A$75 million respectively. These facilities are reviewed on an annual basis. 

1. Fixed rate based on a Euro coupon
2. Fixed rate based on a Japanese Yen coupon.