Australia urged to go further after 20 year record breaker
The storming success on Tuesday of the Commonwealth of Australia's longest ever syndication has opened up opportunities for the sovereign to push even further down the curve in coming years, said syndicate bankers.
The strong demand for the trade — including an unusually heavy bid from central banks for such a long maturity — sets the stage for the issuer to further extend its curve in coming years. Australia printed A$5.9bn ($5.5bn) of 20 year paper from an order book of around A$9bn.
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