EFIC responds to reverse enquiry with structured notes
- Thursday, 16 August 2012
Australia's Export Finance & Insurance Corporation (EFIC) (AAA) issued US$40 million of callable, capped floating rate notes on August 9. According to Chris Collard, director, treasury at EFIC in Sydney, the deal was executed in response to reverse enquiry and the proceeds were swapped to floating rate USD at a margin below six-month Libor.
