Investec is latest bank to add guaranteed funding before deadline
- Tuesday, 16 March 2010
Investec Bank Australia (Investec) (Baa2/BBB) became the most recent bank to add tenor to its Australian maturity profile with the March 16 pricing of A$300 million (US$274.5 million) of government-guaranteed bonds. The issuer says while the demand for unguaranteed, longer-maturity issuance from smaller banks remains unknown it made sense to secure five-year funding under guarantee before the scheme's March-end expiry.
