GPT RE launches 12-year domestic benchmark transaction

On 12 February, GPT RE, the responsible entity for General Property Trust (A/A2), launched a new 12-year, Australian dollar denominated, benchmark transaction. Indicative price guidance for the forthcoming deal is 170 basis points area over semi-quarterly swap. Pricing is expected on the day after launch, according to National Australia Bank, SMBC Nikko and Westpac Institutional Bank.