Qudos Mutual launches new one-year domestic FRN

On 11 December, Qudos Mutual (BBB-/S&P) launched a new, indicative A$25 million (US$18.8 million), one-year floating-rate note (FRN) transaction. The deal is being marketed at 85 basis points area over three-month bank bills and will price in the near future, according to lead manager Westpac Institutional Bank.