ME Bank launches three-year domestic benchmark FRN deal
- Thursday, 04 July 2019
On 4 July, ME Bank (BBB/Baa1) launched a new, three-year, Australian dollar denominated benchmark senior-unsecured floating-rate note (FRN) transaction. Indicative price guidance for the forthcoming deal is 105 basis points area over three-month bank bills, according to joint lead managers ANZ and National Australia Bank. The transaction is expected to price on the day of launch.
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