Local investors flock to Wells and UBS’s Aussies

By Nathan Collins
21 Aug 2014

UBS and Wells Fargo were rewarded for taking to a supply hungry Australian dollar market this week. Both issuers — particularly UBS — are rare names in the currency which, combined with strong name recognition among domestic investors, propelled their trades to success.

"There's good demand for paper from Australian investors at the moment," said a London-based syndicate banker. "They've been as starved of paper as European investors and it's not even summer down there — there are investors at their desks with plenty of cash and opinions."

UBS’s print was ...

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