MyState launches tier-two deal with revised price guidance

MyState Bank (Baa2) launched its capped, A$25 million (US$17.25 million), 10-year non-call five-year, tier-two deal on 1 July, with indicative price guidance of 435-450 basis points area over three-month bank bills. The price guidance range tightened from marketing levels of 450-460 basis points area earlier on the same day.