SYDNEY, Feb 2 (Reuters) - Investec Bank (Australia) plans to sell around A$400 million ($254.8 million) of
three-year bonds backed by a government guarantee, a market
source said on Monday.
Preliminary pricing of the issue, which would be Investec's first under the Australian government guarantee introduced in December, is around 130 basis points over swap and BBSW, the source said.
Pricing of the issue is expected later on Monday.
The offer, jointly led by Commonwealth Bank of Australia and UBS, will consist of fixed and floating rate notes.
($1=1.57 Australian Dollar)
(Reporting by Cecile Lefort) Keywords: INVESTEC/BONDS (cecile.lefort@reuters.com; +612-9373-1234; Reuters Messaging: cecile.lefort.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Preliminary pricing of the issue, which would be Investec's first under the Australian government guarantee introduced in December, is around 130 basis points over swap and BBSW, the source said.
Pricing of the issue is expected later on Monday.
The offer, jointly led by Commonwealth Bank of Australia and UBS, will consist of fixed and floating rate notes.
($1=1.57 Australian Dollar)
(Reporting by Cecile Lefort) Keywords: INVESTEC/BONDS (cecile.lefort@reuters.com; +612-9373-1234; Reuters Messaging: cecile.lefort.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.