Efic launches 10.5-year syndicated transaction

Export Finance and Insurance Corporation (Efic) (AAA/S&P) launched a new, minimum A$100 million (US$77.5 million) 10.5-year syndicated deal on 12 April, via UBS. The forthcoming deal, expected to price on the day of launch, has indicative price guidance of 45 basis points area over the 10-year futures contract.