AGN taking indications of interest on domestic dual-tranche deal

On 21 April, Australian Gas Networks (AGN) (A-/A3) began taking indications of interest for its potential Australian dollar denominated transaction, offered in either or both seven- and 10-year tenors. The deal is being marketed at 100 and 120-125 basis points area over semi-quarterly swap. National Australia Bank and SMBC Nikko are leading.