The issuer of the largest floating-rate note (FRN) transaction issued by an Australian semi-government, Treasury Corporation of Victoria, says the investor base for its most recent deal was notably wider than was the case in previous such transactions. It also, unlike other FRNs issued by Australian states in recent times, saw a significant domestic bid.
Read more... |
More deal flow emerged in the Australian domestic market at the turn of the second month of the year, with a number of semi-government placements and the second transactions of 2012 from both the domestic corporate and high-grade Kangaroo sectors. Perhaps the most significant transaction, though, was the first domestic senior unsecured bank deal of the year.
Read more... |
