AGL said it would look to extend its domestic yield curve with a minimum $200 million, 15 October 2007, fixed rate offering. The bonds are being marketed in a range of +65 and +68 over swap.
AGL told the market it has appointed ABN AMRO Bank NV and Commonwealth Bank as joint lead managers for this issue with TD Securities Ltd and Westpac acting as co-managers to the issue.
Rating agency Standard & Poors has rated AGL an 'A' while Moody's has given the gas distribution and retailing company an A2 (negative).
