CUA taking indications of interest for domestic three-year FRN deal

Credit Union Australia (CUA) (BBB/Baa1) began taking indications of interest for a new three-year, Australian dollar denominated, benchmark, floating-rate note (FRN) transaction on 10 February. Initial price guidance for the deal is 93 basis points area over three-month bank bills. ANZ, Commonwealth Bank of Australia and National Australia Bank are leading.