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ANZ Banking Group capped the volume of its latest trade but says it easily could have printed more, if it needed to. The borrower believes it received the largest peak orderbook in the domestic market, outside the government sector.
The week ending 25 January was short but lively in the Australian primary market. Supranational, sovereign and agency issuers continued to price deals – including some 10-year paper, in addition to the well-supplied mid-curve – while semi-government issuance continued too, chief of which was Queensland Treasury Corporation’s green bond. Elsewhere, ANZ Banking Group ended the major bank senior holding pattern with a A$5 billion (US$3.3 billion) trade, and Westpac Banking Corporation kicked off the structured finance market for the year.
