ASB Bank launches three-year domestic FRN
- Monday, 18 February 2019
On 18 February, ASB Bank (AA-/A1/AA-) launched a new, three-year floating-rate note (FRN) domestic transaction for New Zealand-based institutional investors. The forthcoming deal has indicative price guidance of 83 basis points over three-month bank bills with pricing expected on the day after launch. Commonwealth Bank of Australia is leading.
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