CUA launches new three-year FRN
- Tuesday, 19 February 2019
Credit Union Australia (CUA) (BBB/Baa1) launched a new, indicative A$200 million (US$142.7 million) three-year floating-rate note (FRN) transaction on 19 February. The forthcoming deal is being marketed at 128 basis points area over three-month bank bills, with pricing expected on the day of launch. ANZ and National Australia Bank are joint lead managers.
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