WATC launches five-year syndicated domestic FRN
- Tuesday, 11 February 2020
Western Australian Treasury Corporation (WATC) (AA+/Aa1) launched a new five-year, Australian dollar denominated, syndicated, benchmark, floating-rate note (FRN) transaction on 11 February. Indicative price guidance for the forthcoming deal, which is expected to price on the day after launch, is 25.5-28.5 basis points area over three-month bank bills. ANZ and Deutsche Bank are leading.
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