Transurban Trades Flat as Market Eyes A$300 Million Westlink Loan
Transurban closed a A$300 million refinancing for its Westlink M7 toll road, with shares ending Tuesday nearly flat at A$14.47. The new syndicated bank facility matures in April 2029 and will repay existing debt. The Reserve Bank of Australia raised its cash rate to 4.35% on Tuesday, while the S&P/ASX 200 climbed 1.17%. Transurban reported March quarter average daily traffic up 3% year-on-year.