News
National Australia Bank pursued an intraday execution strategy to avoid market volatility for its first Australian dollar senior deal of 2022. The issuer says support from across the investor base, including notable offshore interest, drove a record domestic print.
Australian dollar deal activity in the third week of February was highlighted by deals from financial institutions, notably National Australia Bank's multitranche transaction, and a flurry of Kangaroo prints.
Growing market uncertainty driven by geopolitical tension has not yet been sufficient to hinder Australian dollar deals, highlighted by United Overseas Bank Sydney Branch’s record volume issuance on 17 February. Deal sources say the transaction achieved a record Australian dollar book for the issuer and highly competitive pricing.