Mirvac sees term demand before pricing A$150 million 2015

The third Australian market corporate bond deal of the year – also the third in just four days – priced on March 19 as Mirvac Group Funding (Mirvac) (BBB) placed A$150 million (US$138.26 million) in a significantly oversubscribed five-year transaction. The issuer says the emerging appetite for longer-tenor credit among Australian investors was also evident in the lead-up to its transaction.