Tuesday 24 November 2015 by Company factsheets

Transurban Queensland Finance AUD 3M BBSW + 2.05% 16 December 24 Senior Secured Bond Factsheet

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AUD 3M BBSW + 2.05% 16 December 24 Senior Secured Bond Factsheet

Transurban Queensland Finance Pty Ltd (previously named Sun Group Finance) is the finance subsidiary of the Transurban led consortium (Transurban Queensland or ‘TQ’) which manages a network of toll roads in Brisbane. On 24 April 2014, Transurban announced that it led the TQ consortium, which reached an agreement to acquire the Queensland Motorways Group for A$6.787 billion. Transurban owns 62.5% of TQ, while AustralianSuper holds a 25% interest and Tawreed Investments Limited, a wholly owned subsidiary of the Abu Dhabi Investment Authority, holds the remaining 12.5% interest.

The Queensland Motorways Group portfolio is a motorway network in Brisbane comprising four concessions covering the Logan and Gateway Motorways, CLEM7, Go Between Bridge and Legacy Way. The acquisition of Queensland Motorways Group closed on 2 July 2014. In addition, on 24 November 2015, Transurban announced the acquisition of AirportLink, another Brisbane toll road, for approximately $2bn (47% debt funded), which will provide Transurban with an effective monopoly position in the Brisbane toll road market.