IAG launches domestic tier-two transaction
- Thursday, 22 March 2018
Insurance Australia Group (IAG) (A/S&P) launched its Australian dollar denominated 26-year non-call 6-7 year tier-two transaction on 22 March. Indicative price guidance for the forthcoming transaction is 215 basis points area over three-month bank bills. The notes are expected to be rated BBB by S&P Global Ratings.
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