Wholesale broadband provider NBN Co raised $850 million through its latest domestic sustainability bond issuance, marking a milestone in Australia's debt capital markets.
The transaction, which was priced on March 12 and settled on March 19, represents the largest 10-year bond and the highest-valued sustainability bond ever issued in the domestic market.
The latest capital injection brings NBN Co’s total issuance to $9.5 billion, further solidifying its commitment to financing critical green and social infrastructure across the nation.
Despite a period of heightened volatility within global financial markets, the 10-year bond attracted robust interest from both Australian and Asian investors.
NBN Co confirmed that the proceeds are earmarked for the continued deployment of energy-efficient fibre and fixed wireless networks, specifically targeting regional and remote areas.
Beyond environmental upgrades, the funding is designed to bridge the digital divide by improving community access to essential digital services and fostering enhanced digital literacy.
Fiona Trigona, NBN Co Executive General Manager, noted that the positive market reception underscores the company’s operational strength during a turbulent economic climate.
"We’re immensely proud to have received such a positive reaction to our first ever sustainability bond offering in the domestic market," Trigona stated.
"This transaction demonstrates the strength of our execution in an exceptionally busy and volatile market environment."