FIG issuers burst into six year Aussies
Commonwealth Bank of Australia, ING and Rabobank all sold six year Australian dollar Eurobonds this week. Investors have developed a taste for the paper in recent weeks looking for extra yield over five year notes.
Leads ANZ, ING and TD Securities priced ING’s A$100m ($93m) six year notes at 136bp over mid-swaps on Wednesday, in line with guidance at the 136bp area.“Six year deals are going down well with investors reaching for yield,” said a syndicate banker involved with the trade. “The ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org