Retail deal flow continues as Seek launches subordinated offer
- Monday, 04 June 2012
The ninth Australian Securities Exchange-listed debt transaction of 2012 launched on June 4, with Seek announcing plans to issue A$125 million (US$120.7 million) of subordinated notes with a five-year call date. The expected margin on the notes – 500-550 basis points over bank bill swap rate, with a further 200 basis point step-up if not called – is the highest of all the year's retail fixed income listings.
