Aurizon roadshow heralds new issue?

10 August 2015

Aurizon, the rail freight operator originally known as Queensland Rail, will be holding a series of investor briefings to update holders of its Australian denominated debt. Aurizon’s stated objective is to diversify its debt investor base and lengthen it maturity profile while maintaining its credit ratings. The BBB+/Baa1 issuer’s last foray into the debt markets was with a 10y 2.00% euro note in September 2014 and nearly a year before that, it sold 7y 5.75% euro notes in October 2013.