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Transurban Group ( (AU:TCL) ) has shared an announcement.
Transurban Group announced that its financing vehicle, Transurban Queensland Finance Pty Limited, has successfully raised A$485 million through a 10-year debt facility from an Asian term loan. This funding will be utilized to repay existing debt and cover transaction costs, reinforcing Transurban’s financial stability and strategic positioning in the infrastructure sector.
The most recent analyst rating on (AU:TCL) stock is a Hold with a A$15.00 price target. To see the full list of analyst forecasts on Transurban Group stock, see the AU:TCL Stock Forecast page.
More about Transurban Group
Transurban Group is a prominent player in the infrastructure industry, primarily focusing on the development and management of toll roads. The company operates in several regions, with a significant market presence in Australia and North America.
YTD Price Performance: 7.00%
Average Trading Volume: 4,692,064
Technical Sentiment Signal: Buy
Current Market Cap: A$43.57B
See more insights into TCL stock on TipRanks’ Stock Analysis page.