BoTM Sydney gets A$300 million in debut domestic FRN [UPDATED]
- Thursday, 08 March 2012
Bank of Tokyo Mitsubishi Sydney Branch (BoTM Sydney) (A+/Aa3/A) priced its debut domestic transaction on March 8, issuing a three-year floating rate note (FRN). The issuer is the fifth Asian bank to bring a deal to the Australian dollar market this year following Kangaroos from Industrial Bank of Korea and Korea Finance Corporation, and domestic issues by Oversea-Chinese Banking Corporation Sydney Branch and Bank of China Sydney Branch.
