NPBS prints A$50 million tap to its April 2020 domestic FRN

Thursday, 27 April 2017

Updated

Issuer name: Newcastle Permanent Building Society
Issuer rating: BBB+/A2
Issue rating: as issuer
Pricing date: 27 April 2017
Settlement date: 8 May 2017
Maturity date: 7 April 2020
Lead manager: National Australia Bank

Volume: A$50 million (US$37.4 million)
Total outstanding in this line: A$210 million
Coupon type: FRN
Coupon rate: 3m BBSW +135bp
Issue/re-offer price: 100.147% (plus 0.266% accrued)
Margin to swap: 130bp/3m BBSW