Liberty launches four-year domestic benchmark FRN
- Monday, 17 February 2020
Liberty Financial (Liberty) (BBB- by S&P) launched a four-year, Australian dollar denominated, benchmark, floating-rate note (FRN) transaction on 17 February. Indicative price guidance for the forthcoming deal, which is expected to price on the day after launch, is 240-245 basis points area over three-month bank bills. Deutsche Bank, National Australia Bank and Westpac Institutional Bank are leading.
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