Qantas prices its largest-ever AUD deal despite sub-investment-grade rating [UPDATED]
- Monday, 12 May 2014
Qantas Airways (Qantas) launched and priced a new eight-year transaction on May 12, in the first-ever Australian dollar domestic wholesale-market transaction from a sub-investment-grade rated corporate issuer. While there has been more talk in the market around higher-yielding wholesale issuance, KangaNews understands the Qantas transaction was driven by issuer specifics than a broadening of demand more generally.
