OP Bank taking indications of interest for debut Australian dollar deal

On 13 November, OP Corporate Bank (OP Bank) (AA-/Aa3) began taking indications of interest for a new five-year, Australian dollar denominated, senior non-preferred, floating-rate note (FRN) Reg S transaction. The deal is being marketed at 110-113 basis points area over three-month bank bills, with the notes expected to be rated A/Baa1.