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GC Asia
ING enhances domestic Aussie deal with fixed tranche
ING took to the Australian dollar market on Wednesday, selling a three year fixed and floating deal through its Sydney branch. It originally planned to sell only a floater, but added a fixed tranche in response to investor interest.
“The Australian market has a bias towards floating rate notes when dealing with financials,” said a syndicate banker at one of the leads. “The fixed rate tranche was a response to reverse enquiries, so is really just a bonus for the issuer.”
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