Full details on new UED deal priced April 3
United Energy Distribution (UED) (BBB/Baa2) priced a new five-year transaction on April 3, in just the second Australian domestic issue from a triple-B rated corporate this year. The new issue closed at its indicative volume of A$200 million (US$205.5 million) and price of 220 basis points over swap .
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Deal and ratings review, week ending March 30 2012
What turned into a bumper issuance quarter, following a subdued start, concluded with one more week of diverse deal flow in the Australian market. For the first time in 2012, residential mortgage-backed securities issuance added to aggregate issuance for the week, which also included semi-government, Kangaroo, and domestic bank and corporate transactions.
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