Places for People A$ debut builds solid foundation

Australian house loans
By Nigel Owen
14 Aug 2017

Places for People priced its debut Australian dollar transaction on August 10. The $150m five year deal was also the first by a social housing provider in Australia.

The Kangaroo deal was launched on August 9 as an A$100m five year unsecured senior note with initial price thoughts of 190bp-195bp over mid-swaps. Sole lead manager National Australia Bank refined the pricing to 190bp the following morning Sydney time, and priced $150m at that spread later in ...

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