Login or request a free trial

Correction: Newcastle Permanent Building Society

An article published in Banking Day on Monday, "Toyota Motor Credit well received on debut", reported that last week Newcastle Permanent Building Society added A$110 million to a line of floating-rate notes it opened in March this year. This was not correct. The line NPBS tapped was opened in March 2015, when it sold $50 million of April 2020 FRNs at a margin of 135 basis points. The margin on the $110 million was 158 bps. NPBS did issue in March this year but it was a different transaction; it issued $200 million of three-year FRNs at a margin of 160 bps.

I'm a returning subscriber

Password reset
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day