Historical impact of European summer on AUD issuance small
The European summer has not traditionally slowed Australian dollar issuance to an enormous extent, with KangaNews data indicating July has in the past actually been one of the busiest months for Kangaroo borrowers in particular.
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Westpac achieves tight pricing and upsizing of hybrid
The tier one hybrid transaction brought to market by Westpac Banking Corporation (Westpac) has set margin at the tighter end of its indicative range, 240 basis points above three-month BBSW, on June 26 while also being upsized to A$950 million (US$907.25 million).
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