Vector reveals plans for domestic deal

On 1 May, Vector (BBB/Baa1) revealed plans for a NZ$200-250 million (US$133.5-166.8 million) six-year deal for institutional and New Zealand retail investors. Full details of the transaction are expected to be announced on 10 May, while the rate set date is 16 May. ANZ, Deutsche Craigs, Forsyth Barr and Westpac Banking Corporation New Zealand Branch are joint lead managers.