Downer launches new seven-year domestic deal

On 15 April, Downer Group Finance (Downer) (BBB by Fitch) launched a new, seven-year, minimum A$200 million (US$143.4 million) domestic transaction. The forthcoming deal has indicative price guidance of 195-200 basis points area over semi-quarterly swap. Pricing is expected on or before 16 April, according to joint lead managers Mizuho Securities, National Australia Bank and Westpac Institutional Bank.