Endeavour Energy starts marketing new seven-year domestic deal

Network Finance Company, the financing entity of Endeavour Energy Group (Endeavour Energy) (Baa1), began taking indications of interest on a new seven-year Australian dollar-denominated deal on 27 November. The transaction will be in either or both of fixed- and floating-rate formats, with indicative price guidance of 127 basis points area over swap benchmarks. The deal is expected to launch as early as 27 November, according to lead managers Commonwealth Bank of Australia and Mizuho Securities.