Pimco Sees Record A$20 Billion Demand for Australian Bond Sale
- Investors unconcerned at potential loss of AAA, Mead says
- Sale of 2028 notes could be third record offering in 6 months
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Australia is generating unprecedented demand for its syndicated sale of November 2028 bonds, according to Pacific Investment Management Co.
Investors are shrugging off concerns about Australia’s capacity to keep its top credit score as the nation’s debt looks attractive relative to U.S. Treasuries, Robert Mead, managing director at Pimco in Sydney, said in an interview with Bloomberg Television Wednesday.