FIG issuers burst into six year Aussies

By Nathan Collins
12 Sep 2013

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 ...

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