ConnectEast starts marketing seven-year benchmark deal

On 13 March, ConnectEast Finance (ConnectEast) (Baa2) began taking indications of interest for a new, seven-year Australian dollar denominated benchmark domestic deal, with initial price guidance in the area of 160 basis points over semi-quarterly swap. Commonwealth Bank of Australia and National Australia Bank are joint lead managers for the deal, expected to launch in the near future.