Seek starts marketing 6.5NC3.5 subordinated deal

On 10 December, Seek mandated ANZ, HSBC and National Australia Bank for a 6.5-year non-call 3.5-year (6.5NC3.5), Australian dollar denominated, subordinated, floating-rate note transaction. Indications of interest for the deal are being taken at 375 basis points area over three-month bank bills.