24 Apr 2020

APA Group (ASX: APA), a leading Australian energy infrastructure business, today announced that on 24 April 2020 (AEDT) it priced an offering of EUR 600 million of senior unsecured notes in the European debt capital markets pursuant to Regulation S under the US Securities Act. The notes will be issued by APA’s wholly-owned Baa2/BBB rated borrowing entity APT Pipelines Limited and will be guaranteed by Australian Pipeline Limited in its capacity as trustee and responsible entity of Australian Pipeline Trust and APT Investment Trust ("the Parent Guarantors") and by certain subsidiaries of the Parent Guarantors.

The proceeds of the issue will be used to repay debt maturing in July 2020, and for general corporate purposes, including possible pre-funding of future debt maturities.

The EUR 600 million of "long 10 year" notes, with a maturity date of 15 July 2030, have a fixed coupon rate of 2.0% per annum. The principal and interest obligations have been hedged into AUD dollars with an all-in fixed rate of 3.866%.