OP Bank launches five-year senior non-preferred Australian dollar FRN

OP Corporate Bank (OP Bank) (AA-/Aa3) launched its new five-year, Australian dollar denominated, senior non-preferred, floating-rate note (FRN) Reg S transaction on 14 November. Indicative price guidance for the forthcoming deal, which is expected to price on the day of launch, is 115 basis points area over three-month bank bills.