ANZ highlights an uptick in demand from Asian investors in a deal that compressed the issuer’s 3-5 year credit curve to pre-pandemic levels. ANZ priced its first domestic benchmark deal since January on 11 June, with the issuer noting that its A$4.25 billion (US$2.8 billion) three- and five-year transaction reaffirmed the Asian bid for Australian dollar paper.
Offshore investor support enabled NOW Finance to issue an asset-backed securities transaction that was more than twice the size of its previous deal, the issuer says. Risk-retention compliance was key in securing the offshore bid, and issuer and lead are confident that, with this work complete, appetite will be robust for future deals.