ALE launches A$150 million August 2024 benchmark FRN
- Wednesday, 17 March 2021
After taking indications of interest earlier in the day, ALE Direct Property (Baa2), a subsidiary of ALE property group, launched a new A$150 million (US$116 million) capped, August 2024, floating-rate note (FRN), benchmark transaction on 17 March. Indicative price guidance for the forthcoming deal is 210 basis points area over semi-quarterly swap.
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