Melbourne Uni’s inaugural US placement

25 February 2016

 

The University of Melbourne made its inaugural foray into the US private placement market, with a multi-tranche issue of bonds worth an approximate AUD$275 million. Part of the reasoning behind the offshore issue is to diversify the university’s funding in terms of sources, currencies and duration. The result was a four tranche issue which extended the average debt maturity by 10 years for a 0.3% increase in the average cost...

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