On July 11, ME (BBB+/A3) priced a new senior-unsecured transaction. Initial price guidance on the three-year floating-rate notes was revealed to be in the area of 145 basis points over three-month bank bill swap rate (BBSW) in a launch announcement the same day. According to KangaNews data, ME was most recently in the domestic senior-unsecured market in November 2014, when it printed A$200 million (US$151.1 million) of three-year notes at 100 basis points over BBSW.
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