NPBS prints A$50 million in one-year domestic FRN

Wednesday, 17 October 2018

Issuer name: Newcastle Permanent Building Society
Issuer rating: BBB (S&P)
Issue rating: as issuer
Pricing date: 17 October 2018
Settlement date: 29 October 2018
Maturity date: 28 October 2019
Lead manager: Commonwealth Bank of Australia

Volume: A$50 million (US$35.7 million)
Total outstanding in this line: A$50 million
Coupon type: FRN
Coupon rate: 3m BBSW +70bp
Issue/re-offer price: par
Margin to swap: 70bp/3m BBSW