BNP Paribas is set to sell its second Australian dollar bond of the year from its Australian subsidiary, opting for a four year deal. Demand has proved strong from domestic accounts, with pricing expected to take place on Wednesday.
ANZ, BNP Paribas, RBC Capital Markets and Westpac are offering guidance on the four year paper at 115bp over mid-swaps. Leads opened books during the Sydney day on Tuesday.
“It’s going well, the book built up strong momentum going into the European day,” said a syndicate banker at