Tabcorp offering shows retail attraction for select deals [UPDATED]
- Tuesday, 14 February 2012
The issuer and lead arranger of Tabcorp Holdings (Tabcorp)'s (BBB) subordinated retail bond offering say the transaction demonstrates the buy- and sell-side appeal of a particular type of listed bond issuance. On February 15, Tabcorp set the margin on the minimum A$200 million (US$213.8 million) subordinated offer at 400 basis points over bank bill swap rate (BBSW).
