Maturity: 4 February 2008
Issue price: 101.125
Launch date: Friday 14 January
Payment date: 4 February
Lead mgr: TD Securities
This name works for investors in Europe and Asia. The Aussie dollar market continues to see strong investor flows, largely as it is offering 100bp over the US dollar equivalent.
Investors are looking at Australian dollars as one of a number of currencies to invest in to take advantage of attractive yields.
?...this has started to sell really well. Aussie dollar flows are good and there are a lot of redemptions up, particularly next month.
There is good support for issues in the market, which have not reached the maximum level. However, we declined the tap of the 5% BNG 2015 in Aussie dollars as issuance flows are strong.
ANZ is not the easiest credit to sell to retail investors in Benelux but its good rating will compensate.?
?...this deal will be fine, the pricing is fair.?