Teachers Mutual prices increase to October 2025 line

Issuer name: Teachers Mutual Bank
Issuer rating: BBB/Baa1
Issue rating: as issuer
Pricing date: 20 January 2023
Settlement date: 30 January 2023
Maturity date: 28 October 2025
Lead manager: Westpac Institutional Bank

Transaction type: senior-unsecured note
Volume: A$110 million (US$76.1 million)
Total outstanding in the line: A$300 million
Coupon type: FRN
Coupon rate: 3mBBSW +150bps
Issue/re-offer price: par
Margin: 150bp/3mBBSW