Brisbane Airport launches domestic benchmark transaction

On 23 June, Brisbane Airport (BBB/Baa2) launched a new Australian dollar denominated benchmark transaction, offered in either or both six- and 10.5-year tenor. Indicative price guidance for the six-year tranche is 275-300 basis points area over semi-quarterly swap, while the 10.5-year tranche, which is offered in either or both fixed and floating-rate note format, is 375-400 basis points area over swap benchmarks.