Original article by James Eyers
The Australian Financial Review – Page: 17 : 7-Nov-14

Thirty of the 79 local councils in Victoria will join forces to issue $A200m worth of bonds via the Local Government Funding Vehicle, which has an "Aa2" rating from Moody’s Investors Service. The councils will offer both five- and seven-year notes, which will be priced on 7 November 2014. However, the indicative pricing margins are lower than those of the major banks

CORPORATES
LOCAL GOVERNMENT FUNDING VEHICLE, MOODY’S INVESTORS SERVICE INCORPORATED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ