Australia New 2024 Allocation -- 17.3% to Hedge Funds, 31.5% to Bks-Trading
By Sophia Rodrigues
Published On 16 Apr 2020 , 09:22 AMDespite declining nearly half of the bids at the clearing price, 17.3% of the new 0.25% November 2024 syndicated bond issue was sold to hedge funds, and 31.5% to trading books of banks. While the allocation to hedge funds was in line with recent syndications, the 31.5% allocation to banks - trading was the highest among the last three syndications. The allocation to banks' balance sheet was 20.6%, and to fund manager was 25.3%. Central banks got 5.4% of the issue.
The location breakdown shows 68.1% going to domestic investors, 17.6% to Asia ex-Japan, 1.9% to Europe, 5.1% to North America and 7.2% to UK. Japanese investors bought just 0.2%.
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