Could we have another record Australia debt syndication?
By Sophia Rodrigues
Published On 14 Jul 2020 , 10:22 AMThere is a possibility of a new record for Australia's debt issuance after the 21 November 2025 bond attracted order book of over A$49 billion. The number to beat is A$19 billion for the December 2030 bond which was a record syndication issuance achieved in May.
The price is expected to be set at a spread of 18.5bps over primary three-year Treasury Bond futures contract (indicative is 17bps to 20bps), which translates to yield of 0.495%.
The AOFM is expected to announce the issuance pricing soon. BofA Securities, J.P. Morgan Securities Australia Limited, UBS AG, Australia Branch and Westpac Institutional Bank are Joint Lead Managers.
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