Investec upsizes and prices A$450 million guaranteed 2014

Investec Bank Australia (Investec) (Baa2/BBB) increased the size of the Australian government-guaranteed five-year transaction it priced on November 27, eventually selling A$450 million (US$407.66 million) of fixed rate notes rather than the A$250 million indicative size at launch the day before. Investec has now issued A$1.05 billion in the Australian market in 2009, all under guarantee.