MUFG Auckland launches three-year domestic FRN
- Tuesday, 26 March 2019
On 26 March, MUFG Bank Auckland Branch (MUFG Auckland) (A/A1) launched a minimum NZ$100 million (US$71.1 million) three-year floating-rate note (FRN) transaction with indicative price guidance of 95-100 basis points over three-month bank bills. Pricing is expected on the day after launch, according to joint lead managers ANZ, BNZ, Morgan Stanley and MUFG Securities.
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