ETSA Utilities launches new six-year domestic transaction

ETSA Utilities Finance (ETSA Utilities) (A-/Aa3) launched a no-grow A$100 million (US$76.1 million) six-year bond on 5 December, via Commonwealth Bank of Australia (CBA). The transaction will be in either or both of fixed- and floating-rate formats. Indicative price guidance is 104-107 basis points area over swap benchmarks and pricing is expected no later than 6 December.