Ampol to engage investors on 60NC5.25 subordinated transaction

On 23 November, Ampol (Baa1), formerly Caltex Australia, revealed plans for a potential Australian dollar denominated, 60-year non-call 5.25-year (60NC5.25), subordinated, wholesale, benchmark transaction, offered in either or both fixed- and floating-rate note formats. The notes are expected to be rated Baa3.