Teachers Mutual launches A$50 million increase to October 2025 line

Disclosure type: launch
Issuer name: Teachers Mutual Bank
Issuer rating: BBB/Baa1
Expected issue rating: as issuer
Announcement date: 20 January 2023
Expected pricing date: 20 January 2023, "subject to market conditions"
Lead managers: Westpac Institutional Bank

Transaction type: senior-unsecured note
Currency: AUD
Indicative volume: A$50 million (US$34.6 million)
Maturity date: 28 October 2025
Coupon type: FRN
Price guidance: 150bp/3mBBSW