On 25 September, Oceania Healthcare (NR), a New Zealand aged-care provider, revealed plans for a seven-year, NZ$75-125 million (US$49.1-81.9 million), senior-secured transaction. The offer is expected to open in the week commencing 5 October. Westpac Banking Corporation New Zealand Branch is arranger, as well as joint lead manager with ANZ, Craigs Investment Partners and Jarden Securities.
On 24 September, AusNet Services (A-/A3) launched an Australian dollar denominated, 60-year non-call five-year (60NC5), subordinated, benchmark transaction, offered in either or both fixed-to-floating- and floating-rate note formats. The forthcoming deal is being marketed at 310-320 basis points area over swap benchmarks and is expected to price on the day of launch.