On 28 July, Ausgrid Finance (BBB/Baa1) began taking indications of interest for an Australian dollar denominated, benchmark transaction. The potential offer includes either or both a 3.5-year floating-rate note and a 6.5-year fixed-rate line. Initial price thoughts are, respectively, 120 and 150 basis points area over swap benchmarks. MUFG Securities, National Australia Bank and UBS are leading.
