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DEBT INVESTOR OVERVIEW


This page provides an overview of NBN Co Limited's debt portfolio including domestic and global debt capital market issuances, credit ratings, liquidity position, debt maturity profile, and access to our financial results and sustainability report. 

Please note that by accessing and reading the information on this page, you agree to our Terms of use.


Credit Ratings

NBN Co Limited has the following credit ratings:

Moody's Long Term Issuer Rating Aa3 (Stable)
Fitch's Long Term Issuer Rating AA+ (Stable)
Moody's Short Term Issuer Rating for NBN Co's Promissory Note Programme P-1
Fitch's Short Term Issuer Rating for NBN Co's Promissory Note Programme F1+

Note: These credit ratings are provided for use by wholesale investors only and must not be used, and NBN Co Limited does not intend or authorise their use, in the support of or in relation to the marketing of financial products to retail investors in Australia.

 

Domestic Debt Capital Market Issuances

Issuance Amount Issued Coupon  Maturity Pricing Supplement 
AUD MTN  AUD 1,200 million  1.00% 3 December 2025 AMTN Series 1
AUD MTN AUD 400 million 2.20% 16 December 2030  AMTN Series 2
AUD MTN AUD 350 million 2.15% 2 June 2028 AMTN Series 3
AUD MTN AUD 425 million 3M BBSW + 0.40% 9 September 2024 AMTN Series 4
AUD MTN AUD 400 million 0.75% 9 September 2024 AMTN Series 5
Green AUD MTN AUD 800 million 4.20% 14 April 2027 Green AMTN Series 6
AUD MTN AUD 800 million 4.75% 28 September 2026 AMTN Series 7 Tranche 1 $300 million
AMTN Series 7 Tranche 2 $500 million
Green AUD MTN AUD 850 million 5.20% 25 August 2028 Green AMTN Series 8

 

Global Debt Capital Market Issuances

Issuance Amount Issued Coupon  Maturity Pricing Supplement 
US 144A Notes USD 750 million 1.45% 5 May 2026 GMTN Series 1
US 144A Notes USD 1,250 million 2.625% 5 May 2031 GMTN Series 2
Private Placement AUD 200 million 1.847% 22 June 2027 GMTN Series 3
Private Placement AUD 200 million 1.557% 14 July 2026 GMTN Series 4
Private Placement NOK 1.25 billion 2.365% 20 July 2033 GMTN Series 5
Private Placement AUD 50 million 2.800% 20 July 2033 GMTN Series 6
Private Placement USD 50 million 1.600% 4 August 2028 GMTN Series 7
US 144A Notes USD 600 million 0.875% 8 October 2024 GMTN Series 8
US 144A Notes USD 700 million 1.625% 8 January 2027 GMTN Series 9
US 144A Notes USD 700 million 2.500% 8 January 2032 GMTN Series 10
Private Placement NOK 1.50 billion 2.732% 20 October 2031 GMTN Series 11
Private Placement AUD 200 million 2.2245% 25 October 2028 GMTN Series 12
Private Placement AUD 200 million 2.553% 18 November 2028 GMTN Series 13
Private Placement
NOK 1.00 billion 3.947% 20 April 2032 GMTN Series 14
Private Placement
JPY 5.50 billion 0.900% 20 May 2034 GMTN Series 15
Green EMTN EUR 750 million 4.125% 15 March 2029 GMTN Series 16
Green EMTN EUR 600 million 4.375% 15 March 2033 GMTN Series 17
Private Placement HKD 500 million 4.280% 23 May 2033 GMTN Series 18
Private Placement
HKD 400 million 4.670% 21 June 2033 GMTN Series 19
Private Placement
GBP 50 million 5.541% 23 June 2033 GMTN Series 20
Private Placement GBP 100 million 5.777% 9 August 2035 GMTN Series 21
Private Placement EUR 90 million 4.294% 14 August 2035 GMTN Series 22
US 144A Notes USD 750 million 5.750% 6 October 2028 GMTN Series 23
US 144A Notes USD 500 million 6.000% 6 October 2033 GMTN Series 24
Private Placement HKD 470 million 4.800% 7 December 2033 GMTN Series 25


Debt Portfolio and Liquidity

As at 31 December 2023 AUD Millions
  Available Utilised Undrawn
Commonwealth loan 5,500 5,500 -
Bank debt facilities (excluding Overdraft facilities) 11,200 1,940 9,260
AMTN 5,225 5,225 -
EMTN 2,132 2,132 -
US144A Notes 7,318 7,318 -
Private Placements 2,260 2,260 -
Promissory Notes 2,000 2,000 -
Overdraft facilities 350 0 350
Total Borrowings 35,985 26,375 9,610

As at 31 January 2024 AUD Millions
  Available Utilised Undrawn
Commonwealth loan 5,500 5,500 -
Bank debt facilities (excluding Overdraft facilities) 11,000 2,200 8,800
AMTN 5,225 5,225 -
EMTN 2,132 2,132 -
US144A Notes 7,318 7,318 -
Private Placements 2,260 2,260 -
Promissory Notes 2,000 2,000 -
Overdraft facilities 350 52 298
Total Borrowings 35,785 26,687 9,098


Debt Capital Market Bonds Maturity Profile




As at 31 January 2024 and 31 December 2023 (AUD millions)



Title Document
Sustainability Bond Report (August 2023) Download PDF
Sustainability Bond Report (February 2023) Download PDF
Sustainability Bond Framework (February 2022) Download PDF
Sustainalytics Second Party Opinion – Sustainability Bond Framework Download PDF


For all enquiries please contact: treasury@nbnco.com.au

Fiona Trigona, Executive General Manager, Group Treasurer
Level 15, 100 Mount Street
North Sydney NSW 2060