Australia Post launches minimum A$250m five-year notes

Australia Post said on March 18 it would sell a minimum of A$250m ($166m) in five-year notes.

Australia Post said on March 18 it would sell a minimum of A$250m ($166m) in five-year notes.

The issue is expected to price around 130 basis points above Swap/BBSW.

Australia & New Zealand Banking Group and Commonwealth Bank of Australia are joint-lead managers to the transaction, which is anticipated to price on or before 19 March, for settlement on 25 March.

The transaction will be rated triple-A.

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