Macquarie hits decade low in Aussie dollars

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By Frank Jackman
02 Dec 2020

Macquarie achieved a decade low print for a five year Australian dollar floater this week, as the lack of supply from financial issuers in 2020 has sent spreads grinding downwards.

“Macquarie broke through the 50bp level,” said one banker at an Australian bank. “Senior spreads are extremely low in Australia right now due to the lack of supply from financials.”

Although the overall volume of Australian dollar deals has risen so far this year, this increase is down ...

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