Growing demand drives Aussie high-grade, domestic funds demand credit
- Friday, 23 April 2010
Broad-based demand for high-grade product denominated in Australian dollars – from both local and international buyers – drove hefty issuance in the week to April 23. Appetite was also strongly focused on long-dated paper: two Kangaroo deals of nine-year or longer tenor priced and the week's sole corporate transaction was a five-year deal, with credit investors once again expressing their willingness to go longer.
