Another FRN from Newcastle?

Newcastle Permanent was last seen in the domestic bond market in the first quarter of 2015 when it issued 3 year and 5 year FRNs at BBSW + 110bps and BBSW + 130bps respectively.  One year later, the building society will be meeting with investors in Melbourne and Sydney in the second week of March with a view to another bond issue, although whether the new securities will be fixed or floating is currently unknown. Newcastle is rated BBB+ by Standard & Poor‘s and A2 by Moody’s.