NPBS launches new one-year domestic FRN
- Wednesday, 17 October 2018
On 17 October, Newcastle Permanent Building Society (NPBS) launched a new, indicative A$50 million (US$35.7 million) one-year domestic floating-rate note (FRN) transaction. The forthcoming deal is being marketed at 70 basis points area over three-month bank bills and is expected to price on the day of launch. Commonwealth Bank of Australia is sole lead manager.
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