On November 21, ME (BBB+/A3) launched a minimum A$50 million (US$36.6 million) increase to its July 2019 senior-unsecured floating-rate line. The tap transaction is being marketed with a spread of 140 basis points over three-month bank bill swap rate (BBSW). According to KangaNews data, the line was introduced in July this year for volume of A$225 million and pricing of 145 basis points over BBSW.
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