MEB caps oversubscribed debut MTN at A$500 million
- Thursday, 13 August 2009
Members Equity Bank (MEB) (BBB/A2) saw a twice-oversubscribed book for its debut medium-term note (MTN) issue in the domestic market, a A$500 million (US$418.1 million) fixed and floating rate three year deal that achieved the tightest pricing yet for a guaranteed transaction from a small or regional Australian authorised deposit-taking institution (ADI).
