NPBS launches five-year senior-unsecured benchmark transaction

On 25 February, Newcastle Permanent Building Society (NPBS) (BBB/A3) launched a new five-year, Australian dollar denominated, senior-unsecured, floating-rate note, benchmark transaction. Indicative price guidance for the deal is 65 basis points area over three-month bank bills and is expected to price on the day of launch.

ANZ, Commonwealth Bank of Australia, National Australia Bank and Westpac Institutional Bank are leading.