Small upsize on debut domestic deal from GAIF [UPDATED]

Goodman Australian Industrial Fund (GAIF) (BBB) priced its inaugural domestic transaction on May 12, having upsized the deal to A$175 million (US$185.8 million) from its target volume of A$150 million at launch a day earlier. The five-year deal met its indicative margin of 235 basis points over swap. The last domestic corporate deal came from Mirvac Group Finance (BBB) on April 17, when it completed a A$50 million tap to its March 2015 line at 205 basis points over swap.