CFS Retail upsizes to A$450 million across two maturities [UPDATED]

On October 20 CFS Retail Property Trust (CFS Retail) (A) issued a new domestic deal across two maturities, pricing A$160 million (US$155.9 million) in a 3.5-year floating rate note (FRN) and A$290 million in a 5.5-year fixed rate maturity. The FRN priced at the predicted 160 basis points over bank bill swap rate (BBSW), while the fixed rate paper priced slightly tighter than the expected 190 basis points at 185 basis points over semi-swap.