Stonepeak to debut $195 million debt security in Australia

(Reuters) -U.S.-based investor Stonepeak said on Wednesday it plans to launch a redeemable, infrastructure-backed debt security on the Australian Securities Exchange after securing over A$300 million ($194.94 million) in cornerstone commitments. The note will offer monthly interest payments linked to the one-month Bank Bill Swap benchmark rate (BBSW) plus a 3.25% annual margin and is expected to begin trading on December 10. "The Stonepeak-Plus INFRA1 Note will provide Australian investors access to regu ...