Australia announces banks for September syndication

By Frank Jackman
18 Sep 2020

The Australian Office of Financial Management (AOFM) has announced that it will syndicate a new six year deal next week – marking the first time the sovereign has sold more than three syndications in a single fiscal year.

The AOFM selected ANZ, Bank of America, Deutsche Bank and JP Morgan on Friday to run the upcoming September 2026 bond.

Typically, Australia has only issued between one and three new lines via syndications a year. However, since the start of its 2020/21 fiscal ...

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