Plenary Group is Australia’s leading independent developer, investor and manager of public infrastructure projects, commonly known as Public-Private Partnerships (“PPPs”). Since inception in 2004, Plenary has closed 44 infrastructure projects worth more than A$32 billion across the Asia-Pacific and North American markets, spanning a number of industry sectors including defence, education, health, justice, tourism and transport.
FIIG has arranged a $62m 6 year Note Issue, which follows a $35m Note Issue FIIG arranged for Plenary in 2014. The proceeds help Plenary to fund future growth in its public infrastructure portfolio and provide funding diversity.
Plenary Group is the latest infrastructure corporate to access the bond market through FIIG Securities following on from Merredin Energy in November 2017. FIIG has provided a range of funding solutions across different sectors, including::
- Funding diversification to refinance and/or complement existing funding lines;
- Providing growth funding for capital expenditure and acquisitions; and
- Optimising the capital structure through extending maturities, fixed or floating rates, secured and unsecured funding structures.