David Jones launches six-year FRN transaction

On 18 November, David Jones Finance (David Jones) (NR) launched a new six-year, minimum A$200 million (US$136.3 million) floating-rate note (FRN) transaction. The forthcoming deal, which is expected to price on or before 21 November, is being marketed at 375 basis points area over three-month bank bill swap rate (BBSW), with a three-month BBSW price floor of 0.75 per cent area. National Australia Bank is sole lead manager.