A rare corporate bond deal lit up the market on Wednesday as NBN Co tapped investors for a new five-year fixed-rate debt raising.
The government-owned broadband company launched a senior unsecured Australian-dollar green bond with an indicative yield of 5.3 per cent. Mizuho Bank, National Australia Bank, RBC Capital Markets and Westpac were mandated as joint lead managers.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
