ING To Price 1-Year, 18-Mo Domestic A$ Bonds – Source

The FINANCIAL — According to Dow Jones, ING Bank Australia will price benchmark-sized one-year and 18-month issues of Australian dollar bonds, a market participant familiar with the transaction said on February 25.

Guidance for the one-year tranche is 35 basis points over the three-month bank bill swap rate and guidance for the 18-month tranche is 47 basis points over the three month bank bill swap rate.

Pricing is likely later on February 25, the person said.