Endeavour Energy starts marketing long seven-year deal

On 27 April, Network Finance Company, the financing entity of Endeavour Energy Group (Baa1), began taking indications of interest for a new Australian dollar denominated, long seven-year, senior-secured transaction. Offered in either or both fixed- and floating-rate note formats, the deal is being marketed at 130 basis points area over swap benchmarks. ANZ, Bank of China and Commonwealth Bank of Australia are leading.