Aussie sovereign goes long, frees up space for SSAs

By Tessa Wilkie
16 Oct 2014

Australian dollars will remain the non-core currency of choice for SSAs and high-grade issuers following a curve-extending deal from the Australian sovereign on Wednesday, said bankers.

The Australian Office of Financial Management sold A$7bn ($6.1bn) of April 2037 paper on Wednesday, the longest tenor it has ever issued in.

Lead managers ANZ, Citi, UBS and Westpac priced the deal at 62bp over 10 year Australian government futures contracts, at the tight end of guidance ...

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