Australia New 2024 Allocation -- 17.3% to Hedge Funds, 31.5% to Bks-Trading
By Sophia Rodrigues
Published On 16 Apr 2020 , 09:22 AMDespite declining nearly half of the bids at the clearing price, 17.3% of the new 0.25% November 2024 syndicated bond issue was sold to hedge funds, and 31.5% to trading books of banks. While the allocation to hedge funds was in line with recent syndications, the 31.5% allocation to banks - trading was the highest among the last three syndications. The allocation to banks' balance sheet was 20.6%, and to fund manager was 25.3%. Central banks got 5.4% of the issue.
The location breakdown shows 68.1% going to domestic investors, 17.6% to Asia ex-Japan, 1.9% to Europe, 5.1% to North America and 7.2% to UK. Japanese investors bought just 0.2%.
LATEST SNIPPETS
Could we have another record Australia debt syndication?
There is a possibility of a new record for Australia's debt issuance after the 21 November 2025 bond attract...
Published on : 14 Jul 2020 , 10:22 AMAOFM gets order of over A$48.8B for 2025 syndication
The Australian governmen's 21 November 2025 bond has attracted order book of over A$48.8 billion, around 30...
Published on : 14 Jul 2020 , 09:07 AMAOFM issue guidance for new issuance in 2020-21
AOFM issues guidance for new issuance in 2020-21 that will apply until the 2020-21 federal budget is handed down...
Published on : 03 Jul 2020 , 12:18 PMAOFM issues A$2.0B of Nov 2024 bond at 0.3654%
The AOFM has sold A$2.0 billion of 0.25% November 2024 government bond at a weighted average issue yield of 0.36...
Published on : 03 Jul 2020 , 11:23 AMAOFM sells Nov 2028 bond at 0.7959%
The AOFM sold A$2.0 billion of 2.75% November 2028 government bond at a weighted average yield of 0.7959%. ...
Published on : 01 Jul 2020 , 11:09 AMAOFM to tender A$4B of bonds, A$3B of Notes next week
The AOFM has announced tenders for next week, totaling A$5.0 billion of bonds (down from A$4.0 bi...
Published on : 26 Jun 2020 , 12:17 PMAOFM sells April 2026 bond at record high coverage
The AOFM sold A$1.0 billion of 4.25% April 2026 government bond at a weighted average yield of 0.4790%.&nbs...
Published on : 26 Jun 2020 , 12:12 PMRBA Lowe to speak at Anika Foundation fundraising webinar July 21
The annual Anika Foundation fundraiser is being held as a webinar this year on July 21 from 1245 pm, with a...
Published on : 25 Jun 2020 , 02:39 PMAOFM sells April 2029 at 0.8450%
The AOFM has sold A$2.0 billion of 3.25% April 2029 government bond at a weighted average yield of 0.8450%....
Published on : 24 Jun 2020 , 11:08 AMAOFM sells April 2024 at 0.3003% vs record low 0.2818%
The AOFM sold A$2.0 billion of 2.75% April 2024 government bond at a weighted average yield of 0.3003%, hig...
Published on : 22 Jun 2020 , 02:00 PM