Great Southern Bank launches four-year FRN

Tuesday, 31 January 2023

Updated

Disclosure type: launch
Issuer name: Great Southern Bank, a business name of Credit Union Australia
Issuer rating: BBB/Baa1
Expected issue rating: as issuer
Announcement date: 31 January 2023
Expected pricing date: 31 January 2023, "subject to market conditions".
Lead managers: ANZ, Barrenjoey, Westpac Institutional Bank

Transaction type: senior-unsecured bond
Currency: AUD
Indicative volume: ND
Tenor: four years
Coupon type: FRN
Price guidance: 175bp/3mBBSW "area"