Australia's 2031 bond syndication may hit record orderbook
By Sophia Rodrigues
Published On 25 Aug 2020 , 04:57 PMOrderbook for the Australian government's 1% 21 November 2031 bond issue may hit a record high, likely surpassing A$53.5 billion by the time the book closes Wednesday morning. The syndication has so far attracted orderbook totaling A$52.5 billion. The record high so far is for the December 2030 syndication in May which attracted orderbook of A$53.5 billion
Price guidance has been tightened to 8.5bps-9.5bps over the implied bid yield for the primary ten-year Treasury Bond futures contract, compared with +8bps to +11bps at the time of launch. This equates to indicative yield of 0.9950%-1.0050%. The issue will be priced on Wednesday.
LATEST SNIPPETS
No RBA Rate Cut Call from Any Big Four Bank Yet?
I must say I am surprised none of big four banks have made RBA rate cut call......yet
Published on : 12 Feb 2019 , 07:05 AMRBA may not turn dovish yet but acknowledge balance of risks have changed
One of the most awaited RBA cash rate statements is due today and hardly likely to be exciting. Key themes would...
Published on : 05 Feb 2019 , 07:02 AMAPRA will Change Loan Serviceability Floor
Given there isn't any other quantitative restriction with respect to macroprudential policy for housing market th...
Published on : 31 Jan 2019 , 06:33 AMRBA Would Change Next Move Up Guidance
Two factors were key to RBA's next rate move up guidance -- Fed and BOC rate hike paths. It was hardly about...
Published on : 10 Jan 2019 , 06:29 AMHappy New Year
Happy New Year everyone. After a mixed 2018, I am looking forward to creating special memories in 20...
Published on : 02 Jan 2019 , 06:28 AMAustralia's export -- the term GFC
How many knew this? The label ‘GFC’ was an export from Australia to the rest of the world - Guy Debelle Published on : 06 Dec 2018 , 05:44 AM