Axsesstoday launches five-year simple corporate bond

On 26 June, Axsesstoday launched a minimum A$50 million (US$37 million) five-year simple corporate bond, comprised of an institutional and a broker firm offer. The forthcoming floating-rate deal is being marketed at 490-520 basis points over bank bills. The final interest rate and margin will be determined following a bookbuild, scheduled for 3 July.