UED launches seven-year domestic dual-tranche benchmark deal
- Monday, 21 October 2019
On 21 October, United Energy Distribution (UED) (A- by S&P) launched a new seven-year Australian dollar denominated benchmark transaction, offered in either or both fixed- and floating-rate format. Indicative price guidance for the forthcoming deal, which is expected to price on the day after launch, is 120 basis points area over swap benchmarks. ANZ, Commonwealth Bank of Australia and HSBC are leading.
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