Reverse enquiry and additional duration led ANZ Banking Group (ANZ) to tap the domestic bond market on two consecutive days last week, the issuer says. ANZ followed a A$1.75 billion (US$1.6 billion) four-year senior unsecured floating rate note (FRN) transaction on August 8 with a A$700 million 10-year covered bond – an inaugural maturity in the domestic covered bond market – a day later.

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