On 11 February, Trustpower launched a NZ$75-100 million (US$50.6-67.4 million) resetting 10-year transaction. The transaction will have an initial interest rate set for the first five-year period and will then reset. The forthcoming deal has an indicative margin of 190-205 basis points over mid swap, with the final margin to be revealed at the completion of a bookbuild, set for 15 February.
