University of Technology, Sydney A$300 million, 10-year A$ Medium Term Note Issue and Bank Facility refinancing

February 2017 – DTW was retained as exclusive treasury advisor by the University of Technology Sydney, covering the University’s inaugural A$300 million, 10 year MTN issue and A$150 million refinancing of existing bank debt. DTW’s scope of work with UTS included a review of the University’s current and future financing requirements along with an assessment and recommendation of financing options. DTW supported the University with an assessment and selection of financing counterparties (i.e. bond lead managers, lawyers and administrative roles) and assistance in conducting a competitive tender of the bank facilities.  DTW provided the client with oversight of the bond financing and bank facility refinancing including; the preparation of documentation and marketing materials, pricing, execution and settlement.  DTW also completed a review of the University’s treasury policies.
The University of Technology, Sydney’s inaugural A$300 million, 10 year MTN issue concluded in July 2017 and represented the largest domestic bond financing ever completed by an Australian university