Heritage Bank launches three-year domestic benchmark FRN
- Tuesday, 20 March 2018
Heritage Bank (Baa1/BBB+) launched a three-year domestic benchmark floating-rate note (FRN) transaction on March 20, via ANZ and National Australia Bank. The forthcoming deal has indicative price guidance of 125 basis points area over three-month bank bills and is expected to price on the day of launch.
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