Qudos Mutual launches new one-year domestic FRN

On 13 March, Qudos Mutual (BBB- by S&P) launched an indicative A$25 million (US$17.7 million), one-year senior-unsecured floating-rate note (FRN) transaction. The forthcoming deal has indicative price guidance of 90 basis points area over three-month bank bills. Pricing is expected in the near future, according to sole bookrunner Westpac Institutional Bank.