On June 10, Investec Bank Australia (Investec Australia) (Baa2/BBB) finalised the buyback of the fixed rate tranche of its February 2012 government-guaranteed line, repurchasing A$128.4 million (US$136.6 million) of the A$200 million volume. The buyback priced at a margin flat to semi-quarterly swap or a premium of around 16 basis points to the closest maturity Australian government bond.
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