Investors from Asia and Europe were on the oversubscribed deal, which was managed by Commonwealth Bank of Australia, Deutsche Bank, NAB, UBS and Westpac. Proceeds will be used for projects such as hydrogen hubs.
The steepness of its curve lures offshore investors to the Australian Office of Financial Management’s fourth benchmark issue since the outbreak of the coronavirus pandemic.
A second annual survey of bid trends conducted by FinanceAsia and National Australia Bank reveals investors are boosting allocations to Australian debt securities.