Australia breaks size record once again

Australia AS 575x375
By Lewis McLellan
23 Sep 2020

Australia’s fourth syndication of its financial year has set a new size record — the third time it has done so in as many months — but despite the wave of Australian govvie supply, demand still seems fierce.

ANZ, Bank of America, Deutsche Bank and JP Morgan ran the books for the deal on Tuesday — an A$25bn ($17.8bn) benchmark maturing in September 2026.

The bond has a 0.5% coupon and was priced to yield 0.47%. The order book closed with more ...

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