Australian energy infrastructure company Jemena is the latest to tap the bond market, making efforts to secure $350m.
The company is understood to have already attracted bids worth about $1.2bn.
The eight-year bond has a 1.83 per cent yield and is priced 118 points above the Bank Bill Swap Rate.
The company is raising the funds for general purposes and given the specific amount, expectations are that the group is looking to use the funds for a refinancing.
Jemena owns Australian energy infrastructure assets, including gas pipelines and gas and electricity networks in Victoria, NSW, Queensland and the Northern Territory.
It is 60 per cent owned by China’s State Grid and 40 per cent by Singapore Power.
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