Rabobank New Zealand launches three-year domestic FRN
- Wednesday, 14 March 2018
On 14 March, Rabobank New Zealand (A+/Aa2/AA-) launched a minimum NZ$100 million (US$73.3 million) three-year domestic floating-rate note (FRN) transaction. The forthcoming deal is being marketed at 75 basis points area over three-month bank bills. Pricing is expected on the day after launch according to lead managers ANZ and BNZ.
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