GAIF debuts in USPP market with US$300 million transaction

Goodman Australian Industrial Fund (GAIF) (BBB) made its inaugural US private placement (USPP) issue on November 4, selling a total of US$300 million of 10- and 12-year notes in a National Australia Bank-led deal. The issue was divided almost evenly between its two tranches, with US$158 million of 5.26 per cent 10-year notes and US$142 million of 5.41 per cent 12-year notes placed.