ECU launches 10-year domestic transaction

On 4 April, Edith Cowan University (ECU) (Aa2) launched a new, 10-year, maximum A$120 million (US$85.4 million) domestic transaction. The forthcoming deal has indicative price guidance of 100 basis points area over semi-quarterly swap. The deal is expected to price the day of launch, according to joint lead managers Commonwealth Bank of Australia and National Australia Bank.