Another small bank deal coming as NPBS launches A$50 million two-year

Newcastle Permanent Building Society (NPBS) (BBB/A2) launched a new two-year senior-unsecured transaction on 2 June, seeking indicative volume of A$50 million (US$36.9 million). The deal, which has Westpac Institutional Bank as lead, is being marketed at 120 basis points over bank bills area and will price on day of launch.