Nestlé’s second A$ of 2014

By Jonathan Breen
22 Oct 2014

Nestlé found strong demand for a six year Australian dollar bond on Wednesday, its second issue in the currency this year.

Lead managers ANZ and TD Securities priced the A$175m ($154m) 3.625% November 2020 bond at mid-swaps plus 46bp, in line with guidance of 46bp area.

The issuer opened the deal with a size of A$150m but increased it by A$25m to meet demand.

“Nestlé is a top quality ...

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