Post-deal insights: AsA results and reverse enquiry show scale of corporate demand
- Friday, 20 May 2016
Despite a dismal start to the year for true corporate issuance in the Australian dollar market, participants in the seven- and 10-year deal priced by Airservices Australia (AsA) on May 12 say demand for corporate paper is vibrant. AsA printed A$400 million (US$288.9 million) from a book of roughly double that volume, and lead managers also point to corporate reverse enquiry demand on what they say is a near-unprecedented scale.
