Five years works for Telstra in its latest AUD benchmark issue
- Friday, 08 November 2013
Telstra Corporation (Telstra) says its latest domestic benchmark bond issue, which priced for A$500 million (US$473.4 million) on November 8, attracted strong support from domestic and international investors despite its five-year tenor. Australia's corporate bond market has tended to focus on seven-year deals in the second half of 2013 as investors seek higher yield.
