RBS Australia launches three year at 250bp over
Royal Bank of Scotland (Australia) launched a three year Australian dollar bond on Monday, its first such deal since June 2009 coming as foreign financial institutions return in force to the country’s capital markets.
Bookrunners ANZ Bank, Commonwealth Bank of Australia, National Australia Bank, Westpac and RBS released price guidance of 250bp over mid-swaps for a minimum size of A$500m on Monday. The issuer (rated Aa3/A+/AA-) is planning fixed rate and floating rate tranches.
The deal follows a A$1.25bn three year dual
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