Teachers Mutual prints A$100 million in a new three-year ethical bond [UPDATED]

Teachers Mutual Bank (Teachers Mutual) (BBB+/A3) priced A$100 million (US$76.9 million) of three-year notes in its latest domestic deal on October 20. The transaction priced at the tighter end of intiial guidance of 140-145 basis points over three-month bank bill swap rate (BBSW). According to KangaNews data, Teachers Mutual was most recently in the Australian market in November 2014, when it printed A$70 million of three-year notes at 105 basis points over BBSW.