Teachers Mutual prints A$100 million three-year FRN
- Wednesday, 16 October 2019
Issuer: Teachers Mutual Bank
Issuer rating: BBB/Baa1
Issue rating: as issuer
Pricing date: 16 October 2019
Settlement date: 28 October 2019
Maturity date: 28 October 2022
Lead managers: National Australia Bank, Westpac Institutional Bank
Volume: A$100 million (US$67.3 million)
Total outstanding in the line: A$100 million
Coupon type: FRN
Coupon rate: 3m BBSW +90bp
Issue/re-offer price: par
Margin to swap: 90bp/3m BBSW
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