5-year AUD 300m issue launched

NIB has launched a new 5-year AUD 300m issue from its Domestic Medium Term Note (MTN) programme. The issue will be a fixed rate MTN due 20 August 2014 and it is expected to price in the near term subject to market conditions. Commonwealth Bank of Australia, RBC Capital Markets and Westpac Institutional Bank are acting as joint lead managers for the issue.