Business
NBN Co on the hunt for more funding after earnings jump – Sydney Morning Herald
NBN Co is looking to capitalise on low interest rates to secure additional debt funding as reduced payments to Telstra, Optus propel an earnings turnaround.
However he said securing external funding was an immediate priority for NBN Co, given it needs to raise $27.5 billion in private debt by June 2024.
We will be looking to go further to various markets. The timing will depend upon the conditions of the market or the length of securities that we can get, various interest rates that will be available…but we certainly do intend to go to other markets in coming months, Mr Rue said.
NBN Co announced on Wednesday it had paid $3 billion of the $19.5 billion…
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