NEXTDC is an ASX300-listed data-centre-as-a-service provider with clients including Australia Post, Telstra and AAPT.
NAB general executive manager for debt markets, Steve Lambert, said the transaction demonstrates how the bond market can be supportive of growing companies and “complementary to a healthy bank market”.
“The corporate bond market provides NEXTDC with a new and differentiated investor base focused on the cash-flow generation capabilities of the company now and into the future,” said Mr Lambert.
NEXTDC chief executive Craig Scroggie said NAB presented NEXTDC with a “compelling total debt capital solution”.
“What attracted us to NAB is its balance sheet support and extensive credit structuring and distribution capabilities across many channels, which provide NEXTDC with a one-stop shop for our debt capital requirements,” said Mr Scroggie.
A statement by NAB claimed the bank has “established itself as the key proponent of a deep and liquid corporate bond market”.
“This transaction successfully links NAB’s important business client in NEXTDC with NAB’s investor base – the largest collective distribution channels in the Australian market – while simultaneously supporting the growth of the corporate bond market,” said the statement.
