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
RBNZ dismissing possibility of negative OCR?
The RBNZ appears to be dismissing the possibility of a negative official cash rate. In the Financial Stability Report...
Published on : 27 Nov 2019 , 07:17 AMIs that another first by the RBA?
The RBA is a rare central bank that doesn't follow anyone on twitter. And it never replies to anyone on twitter....
Published on : 26 Nov 2019 , 12:10 PMLive broadcast of RBA Lowe's speech is first of many
RBA will be broadcasting live "audio" of Governor Philip Lowe's speech later Tuesday. This is the first...
Published on : 26 Nov 2019 , 01:10 AMAustralia consumer confidence falls to over 4-yr low
Australian consumer confidence fell 2.8% in the week to November 25, to the lowest level in over four years, data fro...
Published on : 26 Nov 2019 , 10:04 AMWestpac economists expect Australia house prices to rise 5% in 2020
Economists at Westpac expect Australia's house price upswing to continue in 2020, rising 5%, but with getting cap...
Published on : 25 Nov 2019 , 11:55 AMMoody's warns profits of big four Australian banks under pressure
Profitability of the big four Australian banks is under pressures from low interest rates amid weak credit growt...
Published on : 25 Nov 2019 , 03:35 PMAustralia Oct Labor Data Dovish for RBA Dec Meeting
Australia's unemployment rate rose to 5.3% in October from 5.2%, due to 19,000 fall in employed numbers. This was...
Published on : 14 Nov 2019 , 12:00 AMWhy RBNZ will Hold OCR at 1%
I am a bit surprised with market reaction to RBNZ's inflation expectations survey yesterday. While I acknowledge...
Published on : 13 Nov 2019 , 12:00 AMMarket Pricing for RBNZ Cut --How Much is "Will do"?
In their markets outlook on Nov 11, economists at BNZ wrote, "RBNZ shouldn’t cut this week but probably wi...
Published on : 13 Nov 2019 , 12:00 AMWhat does RBA's Gentle Turning Point Refer to?
RBA Governor Philip Lowe first referred to gentle turning point at the Parliamentary testimony in August when he said...
Published on : 07 Nov 2019 , 12:00 AM