Record demand for 10 year Aussie syndication

By Frank Jackman
14 May 2020

Australia smashed its syndication record with a bumper A$19bn ($12.2bn) bond issue that attracted A$53.5bn of orders on Wednesday, while New Zealand set a record of its own as it upped its 2020-21 borrowing programme to NZ$60bn ($35.8bn).

The A$53.5bn Aussie order book more than doubles the size of the previous record holder, April's 0.25% November 2024 bond, which got A$25.8bn of demand for an A$13bn deal.

The triple-A rated sovereign sold the new 1% December 2030 treasury bond through ANZ, Citi, Commonwealth Bank ...

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