Investor Presentaiton
INFRASTRUCTURE FOR THE FUTURE
VICTORIA POWER NETWORKS DEBT AND HEDGING
In May 2020, Victoria Power Networks replaced $353m in USPP and
debt facilities maturing in June/July 2020 with $425m of debt facilities
maturing in May/June 2022, completing all 2020 refinancing requirements
⚫ Next debt maturity is $425m in August 2021
Drawn Debt Maturity Profile at 30 June 2020 ($m 100%)
630
Capital Markets Debt
■Bank Debt
Interest Rate Swaps
Notional Principal
Amount
Average Contracted
Fixed Interest Rate
< 1 year
$500m
1.9%
1-2 years
$400m
2.3%
2-5 years
$1,200m
2.2%
5+ years
$1,845m
2.3%
Total
$3,945m
2.3%
425
300
560
398
448
340
250
200
225
142
150
165
86
107
91
100
53
30
38
Aug-21 Sep-21 Jan-22 May-22 Sep-22 Sep-23 Nov-24
Mar-25 Oct-26 Nov-26 Feb-27
Jun-27 Aug-27 Mar-28 Apr-28
Oct-28
Sep-29 Mar-30 Apr-30
Oct-31
Spark Infrastructure | Investor Presentation | August 2020
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