AsA prints A$400 million in its largest ever domestic deal [UPDATED]

The Australian domestic corporate bond market finally got underway on May 12 as Airservices Australia (AsA) (AAA) priced a dual-tranche, A$400 million (US$293.2 million) fixed-rate transaction. On May 11 the deal's joint lead managers, ANZ and National Australia Bank, revealed initial price guidance was in the area of 90-95 basis points and 100-105 basis points over semi-quarterly swap respectively.