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Asian bid prominent in ANZ’s domestic benchmark return
ANZ highlights an uptick in demand from Asian investors in a deal that compressed the issuer’s 3-5 year credit curve to pre-pandemic levels. ANZ priced its first domestic benchmark deal since January on 11 June, with the issuer noting that its A$4.25 billion (US$2.8 billion) three- and five-year transaction reaffirmed the Asian bid for Australian dollar paper.