FIG issuers pile into Aussies with six year deals
ING and Rabobank both announced mandates for six year Australian dollar Eurobonds on Tuesday, following a Commonwealth Bank of Australia trade on Monday. The extra yield on offer compared to a five year deal is expected to sharpen investors’ appetites for the paper.
Leads ANZ, ING and TD Securities are offering guidance on ING’s six year notes at 136bp over mid-swaps. Pricing is expected to take place on Wednesday.“
Six year deals are going down well with investors reaching for yield,” said a syndicate banker involved with the trade. “The borrowers
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