NPBS prints A$200 million in a new three-year domestic FRN [UPDATED]

Newcastle Permanent Building Society (NPBS) (BBB+/A2) priced a new senior-unsecured three-year floating-rate Australian dollar deal on March 16. According to KangaNews data, NPBS accessed the domestic market twice last year, pricing A$225 million (US$167.9 million) of three-year and A$50 million of five-year floating-rate notes in February and March respectively. Pricing was 110 and 135 basis points over bank bill swap rate.