AZJAU 6.100% 12Sep2031 Corp (AUD)

Bond Factsheet

Aurizon Network Pty Ltd

Indicative

Full Lot

Bid Price

98.821

Change in Bid Price

0.318

Bid Yield (%)

6.381 %

Change in Bid Yield

remove 0.077

Ask Price

99.103

Change in Ask Price

0.343

Ask Yield (%)

6.313 %

Change in Ask Yield

remove 0.083

Indicative price as of 02 Oct 2026, 4:33pm

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Bond Information

Aurizon Network Pty Ltd operates as a freight rail transport company. The Company provides rail haulage services transporting commodities such as iron ore, coal, minerals, and agricultural products, as well as transporting containerised freight and port handling services. Aurizon Network serves customers in Australia.

Bond Issuer

Aurizon Network Pty Ltd

Guarantor

Announcement Date

05 Mar 2024

Issue Date

12 Mar 2024

Maturity Date

12 Sep 2031

Years to Maturity / Next Call

4.942 / 4.690

Modified Duration

4.182 @ 02 Oct 2026

Issue / Reoffer Price

99.799

Issue / Reoffer Yield

6.134

Coupon Type

Fixed

Annual Coupon Rate

6.100

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

AU3CB0307635

CUSIP

ZD4515668

Bond Currency

AUD

Total Issue Size

350,000,000

Min. Investment Quantity (Nominal)

AUD 10,000

Incremental Quantity (Nominal)

AUD 10,000

Bond Type

Corporate

Bond Sector

Industrials

Bond Sub Sector

Road and Rail

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

Bond Feature(s)

Issuer Call

Make Whole Call

Without limiting any other right to redeem the MTNs before their Maturity Date under the Conditions, the Issuer may redeem all (but not some only) of the MTNs before their Maturity Date on the Early Redemption Date (Call) (the date being the “Early Redemption Date”) at the Early Redemption Amount, being either:

(i) the Make-Whole Amount, where the Early Redemption Date is not within the 3 month period immediately preceding the Maturity Date; or

(ii) the total outstanding principal amount of the MTNs as at the Early Redemption Date, where the Early Redemption Date is within the 3 month period immediately preceding the Maturity Date, together with any interest accrued on them to (but excluding) the Early Redemption Date.

“Make-Whole Amount” means, in respect of a Note, an amount (as determined by the Calculation Agent) equal to the greater of:

(a) the Denomination of that Note; and
(b) (A) the present value at the Early Redemption Date of the principal amount of that Note, plus (B) the present value at the Early Redemption Date of all required interest payments that would otherwise be due to be paid on that Note from the Early Redemption Date through to the Maturity Date, in each case both (A) and (B) discounted to the Early Redemption Date on a semi-annual basis (assuming a 365-day year) and at the Reinvestment Rate.

“Reinvestment Rate” means, in respect of a Note, the semi/quarterly couponmatched asset swap rate expressed as a percentage per annum determined by the Calculation Agent, plus 0.50% (calculated as 25% of the Issue Margin, rounded to the nearest 5bps).

Early Redemption Date: 12 Jun 2031

Holder Put

Par plus accrued on the date 90 days after an Early Redemption Event (Put) (defined below). Holders may give notice requiring redemption no earlier than 90 days and no later than 60 days prior to the redemption date.

“Early Redemption Event (Put)” means:
(a) either:

(i) any person, or a group of people acting in concert, who at the date of this Pricing Supplement does not have Control of the Issuer obtain or obtains (as applicable) Control of the Issuer; or
(ii) any person, or a group of people acting in concert, who at the date of this Pricing Supplement have Control of the Issuer cease or ceases (as applicable) to Control the Issuer;

(b) on the date of the first public announcement of the event described in paragraph (a) above, the MTNs carry from any Rating Agency:

(i) an investment grade credit rating (Baa3 or equivalent or better), and such rating from any Rating Agency is either downgraded to a non-investment grade credit (Ba1 or equivalent or worse) or withdrawn within 90 days of the first public announcement and the rating is not subsequently upgraded or reinstated to an investment grade rating within that period; or
(ii) a non-investment grade credit rating (Ba1 or equivalent or worse), and such rating from any Rating Agency is downgraded by one or more notches (e.g. Ba1 to Ba2 being one notch) or withdrawn within 90 days of the first public announcement and the rating is not subsequently upgraded or reinstated to an investment grade rating within that period; or
(iii) no credit rating and no Rating Agency assigns an investment grade credit rating to the MTNs within 90 days of the first public announcement; and

(c) in making any relevant decision referred to in paragraph (b) above, the relevant Rating Agency announces publicly or confirms in writing to any member of the Group that such decision resulted, in whole or in part, from the occurrence of the event described in paragraph (a) above.

Where:
“Control” has the meaning given to it in s50AA of the Corporations Act.

“Rating Agency” means Standard and Poor’s or Moody’s Investors Services Pty Limited (ACN 003 399 657) trading as Moody’s Investors Services Pty Limited, or any other rating agency of equivalent international standing engaged by the Issuer or a member of the Group (but excluding any rating agency providing a rating on an unsolicited basis).

Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.

Coupon Dates	Coupon Receive	Principal Amount	Cash Flow

No Data