Three top rated deals help revive parched Aussie sector
After a dry month and steep falls in the currency, three Australian dollar deals this week hinted at a recovery in new issues. An A$100m ($85m) 2014 tap from Nestlé, an A$50m 2012 tap from Rabobank and a A$100m 2013 new issue from Bank Nederlandse Gemeenten were all modest but together began to turn around the sector’s worst month for primary activity since December 2008.
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