Margin signs positive as two corporate deals price
- Thursday, 01 April 2010
Two corporate transactions – a wholesale buyback and replacement offer from Adelaide Airport (BBB/Baa2) and a retailable deal from ALE Property Group (ALE) (NR) – priced at the turn of the month with margins on both suggesting a gradual firming of confidence in the Australian credit market by hitting slightly tighter levels than recent comparable trades.
