CPP Investments established a new record for the largest supranational, sovereign and agency print in the Australian dollar market with a A$2.5 billion 2030 deal that also landed a record book for the segment. The issuer says demand significantly exceeded its expectations going into the transaction.

Investors packed into the first deals of the new year from Australia’s major banks – at home and in global markets – despite spreads verging on historically tight levels. Issuers say tailwinds from 2024 continue to underpin demand provided execution is managed well in a particularly busy global primary market.