On 26 November, ME Bank (BBB/Baa1) launched a new indicative A$100 million (US$72.3 million) perpetual non-call five-year additional tier one (AT1) transaction, with initial price guidance of 475-500 basis points over three-month bank bills. Pricing is expected the day after launch, with National Australia Bank, UBS and Westpac Institutional Bank.
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