IMB Bank (Baa1/BBB+) launched its indicative A$50 million (US$38.5 million) 10-year non-call five-year (10NC5), subordinated, floating-rate note deal on 23 April, with pricing expected intraday. Indicative price guidance is 260 basis points area over three-month bank bills, and the deal is expected to be rated Baa3. ANZ and National Australia Bank are leading.
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