ASX tests investors with US$, A$ private debt-source

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SYDNEY, July 14 (Reuters) - Australian stock market
operator ASX Ltd (ASX.AX) has approached investors about a bond
issue with seven and 10-year maturities, an investor who met
with the company last week said on Tuesday.

The borrower said last month it was assessing conditions to
raise at least A$145 million ($114 million) of long-term
capital in a U.S. private placement to refinance debt.

The same investor said the ASX was gauging interest in a
mixture of U.S. and Australian dollar denominated tranches.

ASX declined to confirm the exact details, including
maturities and currencies, of the offer.

"ASX has approached investors to seek their feedback on
potential transactions," it said on Tuesday in an email note.

"This follows on from an earlier announcement on 17 June
made by ASX regarding the Standard & Poors rating of its
Clearing House Corporation (ASXCC)," it added.

National Australia Bank, which is arranging the offer,
declined to comment.

The notes, to be issued ASX Clearing Corp Ltd, a subsidiary
of ASX Ltd, have been assigned AA-minus by S&P.
(Reporting by Cecile Lefort; Editing by Mark Bendeich)