Offshore demand drives bumper Aussie syndication

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By Frank Jackman
29 Jul 2020

Australia surprised the market on Tuesday with a bumper long end deal that attracted a substantial amount of offshore interest. The deal comes just as New Zealand sets a date for its for its next syndicated deal.

Australia printed A$15bn ($10.8bn) of 1.75% June 2051 paper off a $36.8bn final orderbook – the third time in the row it has scooped A$15bn or over in a single transaction, having never previously raised more than A$13bn in a single deal before April this year.

“I think ...

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