Rare borrowers come to euros as AusNet plans hybrid
AusNet Services Holdings, the Australian energy company, was one of a handful of high grade corporate euro mandates announced on Monday morning, as syndicate bankers said that the volatility in the rates market means issuers will need to accept paying wider spreads.
US travel booking company Booking Holdings and UK flexible office space company Workspace Group have also mandated for trades.
But it was AusNet mandating for a hybrid that caught many eyes in the market.“These Aussie names are super rare,” said a London based syndicate banker off the deal. “They ...