Goldman Kanga fails to live up to JP Morgan’s standard
Goldman Sachs returned to the Australian dollar market on Tuesday after an 18 month absence, bringing a A$600m ($622.89m) dual tranche fixed and floating rate Kangaroo bond.
Lead managers Commonwealth Bank of Australia, Goldman Sachs and National Australia bank priced a A$350m 5.25% November 2017 tranche at 195bp over asset swaps. They priced a A$250m floating rate tranche with the same maturity at par, to yield 195bp over asset swaps.The deal was sized roughly ...
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