ANZ has funded at pace in the month of July, including testing appetite for Australian dollar tier-two tenor with its first 15-year non-call 10 transaction in more than a year – and being rewarded with a record book. The bank also priced its first syndicated US dollar deal since March.
Financial institutions were to the fore as Australian dollar issuance continued to ramp up following a quiet period. ANZ tested demand for extended tenor tier-two notes in the Australian dollar market, while New York Life printed a follow-on funding agreement backed deal and Rabobank New Zealand added some much needed supply to the local credit market.