Oceania
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Three issuers hit the market on Thursday, as pipeline builds for next week -
◆ Borrower's first deal of its new fiscal year ◆ CBA opts for size ◆ Market receptive to 'off the run' tenor
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Australian state prices through domestic curve, despite lower-than-expected investor demand
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◆ Regular Australian dollar presence planned ◆ Asian, Aussie and Kiwi investors dominate ◆ Premium paid over euro funding
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Action comes on top of bond misreporting scandal and investigation of alleged malpractice
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Strong domestic demand keeps pricing tight despite interest rate uncertainty
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◆ Sterling sale surprises to the upside ◆ Investors appreciate pick up to domestic names ◆ Small premium paid
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◆ Aussie bank starts one week in-person roadshow ◆ Long five year deal to diversify euro funding ◆ Bank considered waiting until after the summer
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Domestic investors dominate despite European interest but Asia buyers take less than in previous deals
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Sovereign to further its commitment to euro commercial paper
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Debutants urged to have a ball in red hot covered bond market
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Inaugural issues to underline just how strong and receptive the market is
