ConnectEast launches seven-year benchmark domestic transaction

On 14 March, ConnectEast Finance (ConnectEast) (Baa2) launched a new, seven-year, Australian dollar denominated senior-secured benchmark transaction. The forthcoming deal has indicative price guidance of 155-160 basis points area over semi-quarterly swap. Pricing is expected on the day after launch, according to joint lead managers Commonwealth Bank of Australia and National Australia Bank.