Stockland launches five-year domestic benchmark transaction

On 13 March, Stockland Trust Management (Stockland) (A-/A3) launched a new, five-year, Australian dollar denominated benchmark transaction. The forthcoming deal has indicative price guidance of 160 basis points area over semi-quarterly swap and is expected to price on or before the day after launch. ANZ, HSBC and Westpac Institutional Bank are joint lead managers.