Europe, Asia demand supports ING Aussie dollar deal
ING’s Australian branch found strong European and Asian demand for its dual tranche Aussie dollar deal on Wednesday morning. But the Australian bank is likely to be a rare issuer given its high deposit inflows, the bank’s treasurer told EuroWeek Bank Finance.
The dual tranche transaction comprised a A$250m fixed rate tranche, which was priced at 286bp over ACGB, and a floating rate tranche of $150m that was priced at 215bp over three month BBSW. Both are September 2015 maturities.
Australian accounts took slightly less than half the deal, with
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