ClearView Wealth launches 10NC5 subordinated FRN

On 22 October, ClearView Wealth (BBB by Fitch) launched a new Australian dollar denominated, 10-year non-call five-year (10NC5), subordinated, floating-rate note (FRN) transaction. Indicative price guidance for the forthcoming deal, which is expected to price on the day of launch, is 600 basis points area over three-month bank bills. National Australia Bank is leading.