Credit Rating
Northern Star has relationships with Moody’s, S&P and Fitch for the assignment of credit ratings. The Company is committed to maintaining its investment grade credit rating.
Rating agency | Long term rating | Outlook |
Moody’s | Baa3 | Stable |
Standard & Poor’s (S&P) | BBB- | Stable |
Fitch | BBB- | Stable |
US Debt Capital Markets
In FY23, Northern Star executed its inaugural US dollar bond, issuing US$600 million in senior unsecured guaranteed notes. Northern Star intends to use the proceeds from the Notes for general corporate purposes, including capital expenditures.
ASX Release available here
Type | 144a/Reg S |
Issue Date | 11 April 2023 |
Maturity | 11 April 2033 |
Issue Amount/Currency | US$600M |
Secured/Unsecured | Unsecured |
Rating | Baa3/BBB-/BBB- |
Fixed/Floating | Fixed |
Coupon (semi-annual) | 6.125% |
Interest Rate Hedging % | Nil |
For further information, please contact Investor Relations at investorrelations@nsrltd.com.