Foreign duo mandate Aussie dollar deals

Australian_dollars_Adobe_230x150
By Frank Jackman
01 Jun 2020

A pair of foreign banks mandated senior unsecured Australian dollar transactions on Monday: Sumitomo Mitsui Banking Corp is out with initial price thoughts through its Sydney branch, while the Canadian Imperial Bank of Commerce is preparing a Kangaroo benchmark.

The two deals follow on from a busy May where Credit Suisse, UBS, BPCE and BNP Paribas tapped the Australian market.

“The global relative value in Australian dollars is providing attractive pricing for issuers,” said one banker at an Australian bank. “The Aussie dollar didn’t ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial