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Potential For Real Money Demand On Back Of ACGB Syndication

AUD

A quick look at the breakdown of the recent ACGB Nov '32 syndication reveals that offshore investors received 51.2% of the A$14bn allocated (which equates to A$7.168bn). The notional amount allotted to each region is outlined below:

  • Asia ex-Japan: A$4.088bn
  • Europe: A$0.700bn
  • Japan: A$0.070bn
  • North America: A$0.924bn
  • UK: A$1.386bn
  • Other: A$0bn
  • The syndication settles on 20 April, with the potential for real money A$ demand from international investors that were successful in bidding for the ACGB ahead of the settlement.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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