Coles launches dual-tranche domestic benchmark transaction
- Tuesday, 29 October 2019
On 29 October, Coles Group (Coles) (BBB+/Baa1) launched a new dual-tranche, Australian dollar denominated benchmark transaction. The forthcoming deal consists of seven-year and 10-year tranches, and is expected to price on the day after launch. Indicative price guidance for the tranches is, respectively, 125-130 and 150-155 basis points area over semi-quarterly swap.
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