SEEK launches 6.5NC3.5 Australian dollar subordinated FRN deal
- Wednesday, 11 December 2019
On 11 December, SEEK launched a 6.5-year non-call 3.5-year (6.5NC3.5), Australian dollar denominated, subordinated, floating-rate note (FRN) transaction. The forthcoming deal is being marketed at 375 basis points area over three-month bank bills. Pricing is expected on the day of launch, according to joint lead managers ANZ, HSBC and National Australia Bank.
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