Could we have another record Australia debt syndication?
By Sophia RodriguesPublished On 14 Jul 2020 , 10:22 AM
There 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.
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