Australian energy firm SP AusNet (SPN.AX) (SPAU.SI), part owned by Singapore Power, has indicated to investors it is set to price A$300 million ($386 million) of 7.5-year notes at 160 basis points over swap, two fund managers who have been contacted by a joint lead said on Thursday. 
The offer, launched yesterday as a A$200 million size deal at around 165 bps, is set to price later on Thursday. 

 

Books closed with more than A$600 million worth of interests, the fund managers said. 

 

Joint leads ANZ, Commonwealth Bank of Australia and Westpac Institutional Bank were not immediately available to comment. The offer is rated A-minus by S&P and A1 by Moody's.