NIB launches 5-year AUD 600m issue

NIB has priced a new 5-year AUD 600 million issue from its Australian and New Zealand Dollar Medium-Term Note programme. The issue is comprised of a fixed rate MTN totalling AUD 300 million with a re-offer price of 99.267 to yield 6.1725%, and AUD 300 million of Floating Rate Notes with a re-offer price of par which equates to semi-quarterly swap / 3 month BBSW plus 36 basis points. The issue is due 6 April 2015. HSBC Ltd, JPMorgan Australia and RBC Capital Markets are acting as joint lead managers for the issue.