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S&P: APT Pipelines notes BBB
Standard & Poor's said it assigned its BBB rating to the $750 million 10-year fixed-rate senior guaranteed notes to be issued by APT Pipelines Ltd.
The notes will be guaranteed by Australian Pipeline Ltd. in its separate capacities as trustee and responsible entity of Australian Pipeline Trust and APT Investment Trust, and by certain other entities of the group.
When issued, the notes will rank pari passu with other senior unsecured debt issued by APT. The proceeds are expected to be used for general corporate purposes.
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