Transurban Finance (A-/Baa1/A-) launched a new 4yr AUD senior secured MTN on Thursday. The transaction will be A$150m minimum, with an indicative pricing of Swap/BBSW+ 180bpts.
Joint leads are CBA and Westpac.
The deal follows the firm’s post results briefing to the Australian institutional fixed income investor base on Feb 25, which saw “subsequent investor interest”.
Credit Suisse Sydney Branch has mandated CBA, Credit Suisse AG and NAB for its inaugural 4 year AUD benchmark issue from its Australian Debt Issuance Programme. Pricing expected in the near future.
HSBC (Aa2 / AA / AA) has announced a benchmark size 5-year fixed rate A$ transaction.
Price guidance is Swap + 125bpts area (sa/qtly).
The unsecured and unsubordinated bonds will be priced tomorrow.
HSBC is the sole bookrunner on the transaction. Joint leads are ANZ, CBA, HSBC, NAB and Westpac.