Lendlease launches dual-tranche benchmark domestic deal

On 2 November, Lendlease Group (Lendlease) (Baa3/BBB-) launched a new, dual-tranche, benchmark Australian dollar denominated deal. Indicative price guidance for the 5.5-year tranche is 200 basis points area over semi-quarterly swap, while the 10-year tranche is being marketed at 250 basis points area over semi-quarterly swap.