Wesfarmers deal points to strength of Australian corporate demand
The issuer and lead managers of Wesfarmers' (A-/Baa1) recent
A$500 million (US$519.4 million) domestic deal say the transaction's success illustrates the fact that real money investors have not changed their fundamental demand for Australian true corporate credit despite volatile markets. More than 40 investors participated in the October 31 deal, which was upsized by A$200 million.
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Latest Australian jumbo loan issuers talk borrowing strategy
Following on from the three jumbo-sized transactions
completed last month, November opened with two more billion dollar-plus Australian syndicated bank deals. Despite the preponderance of bank market debt refinancing in what remains a volatile capital markets environment, both the latest loan borrowers tell
KangaNews they are confident they will return to bond issuance when markets normalise.
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