MSC Trustees has been appointed as a trustee for Spark Infrastructure’s $1 billion listed notes, replacing Sargon.

The notes form part of the firm’s stapled security capital structure.

Infrastructure firm Spark had interests in $18 billion of energy network assets across Australia which serve five million homes and businesses.

As well as Spark, MSC also worked with Sandhurst Trustees (Bendigo and Adelaide Bank) and Australian Unity.

MSC Group managing director, Matthew Fletcher, said: “We are delighted to accept this trustee appointment on behalf of all Spark noteholders. MSC continues to be active in providing trustee services for selective Australian companies issuing notes, bonds and debentures.

“We consider trustees have an important role to play in facilitating these types of capital structures which are critical to the Australian corporate landscape and provide worthwhile opportunities for investors.”

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Source: MSC Trustees replace Sargon in trustee role | Money Management