Uniting Financial Services launches debut 10NC5 SDG FRN transaction

On 5 December, Uniting Financial Services launched its debut 10-year non-call five-year (10NC5), Australian dollar denominated, subordinated, floating-rate note (FRN), sustainable development goals (SDG) transaction. Indicative price guidance for the forthcoming transaction, which is expected to price on the day of launch, is 325 basis points area over three-month bank bills. ANZ is leading.