Another retail upsize as Colonial adds to subordinated offer [UPDATED]
- Thursday, 16 February 2012
On February 24 Australia's recently-vibrant retail debt market saw a third deal price with an upsize, as Colonial Group (Colonial) (A+) doubled the volume of its subordinated note offer to A$1 billion (US$1.1 billion). The transaction set a margin of 325 basis points over bank bill swap rate, at the tight end of its indicative range.
