Challenger taking IOIs for 15NC5 tier-two deal

Wednesday, 07 September 2022

Updated

Disclosure type: IOI
Issuer name: Challenger Life Company
Issuer rating: A (S&P)
Expected issue rating: BBB (S&P)
Announcement date: 7 September 2022
Expected launch date: ND
Arranger: Barrenjoey
Lead managers: Barrenjoey, Jarden Securities, National Australia Bank, Westpac Institutional Bank

Transaction type: tier-two
Currency: AUD
Indicative volume: benchmark size
Tenor/maturity date: 15-year non-call five-year
Coupon type: FRN and/or fixed-to-floating rate
Price guidance: 375bp/swap benchmarks area