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Article: Pricing Update: Murray Goulburn.(News)
- Article from:
- Private Placement Letter
- Article date:
- October 12, 2009
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Byline: Grant Catton
Australian dairy products company Murray Goulburn Co-Operative Ltd. got $150 million in private funds in an upsized deal priced by National Australia Bank last week, sources confirmed.
The NAIC-2, repeat issuer took its funds in five-, seven-, 10-, and 12-year tranches. The first three tranches priced at 250 basis points over Treasurys, while the 12-year priced at 265 basis points over Treasurys. All tranches priced directly on top of their price-talk. The deal was upsized ...