On 25 June, Teachers Mutual Bank (Teachers Mutual) (BBB/Baa1) launched an indicative A$100 million (US$74.4 million) three-year domestic floating-rate note (FRN) transaction. Indicative price guidance for the forthcoming deal is 140 basis points area over three-month bank bills. Pricing is expected on the day of launch, according to lead managers National Australia Bank and Westpac Institutional Bank.
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KangaNews's latest supplement focusing on sustainability in the Australian fixed-income market.