ING enhances domestic Aussie deal with fixed tranche

By Nathan Collins
22 Nov 2013

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.”

ANZ, CBA, NAB, ING and UBS ...

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