Ashurst has advised Qantas Airways Limited (Qantas) on its A$125 million issuance of medium term notes (MTNs).
This issue of seven-year MTNs by Qantas was made under its A$1 billion debt securities program and is the first issue to be made under the program for more than 10 years.
Ashurst lead partner on the matter, John Field, said: “It is very positive for Australia’s debt capital markets to have such a strong issue from an iconic corporate in Qantas.”
The issue will enable Qantas to further extend the maturity profile of its debt facilities by retiring other existing debt.
Deutsche Bank, who acted as the subscriber and sole dealer under the transaction, will offer the MTNs for resale to eligible institutional investors in Australia and offshore, including Singapore and Hong Kong.
The Ashurst team included partners John Field and Teresa Dyson, senior associates Chris Spalding and Bronwyn Kirkwood and lawyer Melissa Ashdown.
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