Ampol launches 60NC5.25 subordinated deal

On 30 November, Ampol (Baa1) launched a new Australian dollar denominated, 60-year non-call 5.25-year (60NC5.25), subordinated, wholesale, benchmark, floating-rate note transaction. Indicative price guidance for the forthcoming deal, which is expected to price on the day of launch, is 380 basis points area over three-month bank bills.