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Australia’s debt agency issuance to plunge by 53% in 2012

January 30, 2012  

From Chien Mi Wong

The Australian Office of Financial Management is expected to front-load and reduce its bond issuance by half in 2012 as the government remains committed to fiscal discipline this year, says ANZ.

Australia’s debt agency will sell majority of its bonds in the first half of the year to meet its funding requirements and trim down its issuance volume by 53% to meet its fiscal obligations in the next few years.


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OFFSHORE RMB DCM

Rank Bookrunner Value ($m) No. %Share 2011 YTD Rank
1 HSBC 1,439 15 33.0 1
2 Bank of China Ltd 1,079 5 24.8 14
3 Standard Chartered Bank 513 10 11.8 11
4 Citi 208 4 4.8 3
5 Barclays 198 2 4.5 0
6 Deutsche Bank 159 4 3.6 2
7 Goldman Sachs 152 2 3.5 6
8 RBS 136 3 3.1 5
9 BNP Paribas 95 2 2.2 21
10 JPMorgan 79 1 1.8 7
Subtotal 4,059 29 93.2
Total 4,356 29 100.0


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