Telstra deal shows pendulum has swung back in favour of US dollars – for now
- Wednesday, 01 April 2015
A change in market economics compared with prior norms, and a resurgence of solid issuance conditions, attracted a clutch of Australian-origin issuers to the US 144A market in recent weeks. The latest saw solid demand and keen pricing, although lead managers warn these conditions might be short lived – and recommend issuers prepare to be nimble in their market selection.
