Aust bonds end steady to firmer after kangaroo =2 Sydney

AAP General News (Australia)
01-10-2001
Aust bonds end steady to firmer after kangaroo =2 Sydney

"We've had a bit of a rally this afternoon mainly on the Monumental issue," said IBJ
Australia Bank treasury and foreign exchange manager Steve Chater.

In the first kangaroo bond issue for 2001, Monumental offered $200-300 million of fixed
and floating rate five-year notes of which at least $150 million would be fixed.

Pricing is tomorrow with the fixed rate tranche offered at 36-38 basis points over
swap, and floating rate tranche at 36-38 over the 90-day bank bill swap.

Mr Chater said hedging activity related to the …