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Qudos Mutual launches one-year FRN deal

Thursday, 06 December 2018

On 6 December, Qudos Mutual (BBB- by S&P) launched a new, indicative A$15 million (US$10.8 million) one-year floating-rate note (FRN) transaction, via Westpac Institutional Bank. The forthcoming deal is being marketed in the area of 85 basis points over three-month bank bills. Pricing is expected in the near future.

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