Landmark leu and Aussie revival
The European Bank for Reconstruction and Development issued its first Romanian leu bond to be listed in both Bucharest and London yesterday (Tuesday). It is L115m ($34.68m) 10 year organised by Société Générale. Australian dollars, too, have continued to attract foreign investment — Commonwealth Bank of Australia issued an A$150m five year bond at 65bp over mid-swaps. The issuer is also planning to print the first New Zealand dollar deal since September tomorrow, a minimum of NZ$100m three year 4% at 55bp over mid-swaps. It will self-lead the deal with RBC and TD Securities. Rabobank yesterday found enough domestic demand to print A$600m in a dual tranche, A$400m floating at 130bp over three month BBSW, and A$200m at 130bp over mid-swaps. Read EuroWeek on Friday to find out how the deals went.
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