Port of Melbourne launches seven-year domestic deal

On 12 November, Lonsdale Finance (Baa2/BBB), the financing arm of Port of Melbourne, launched a new seven-year, Australian dollar denominated transaction. The deal is being marketed at 140-145 basis points area over semi-quarterly swap, according to joint lead managers ANZ, Commonwealth Bank of Australia and National Australia Bank. Bank of China is a passive lead manager on the transaction.