The notes were non-callable for 10 years and was expected to pay investors 280bps above the spread.The latest notes were expected to be rated Baa1 by Moody’s, BBB+ by SANZ didn’t have any other banks mandates. It was the sole lead and told investors to expect pricing later on Monday, subject to market conditions.
co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
Source: Loan Digest (loandigest.net)
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