Investec Bank (Australia) has issued a new 5 year fixed rate Transferable Deposit to the market. The issue is guaranteed by the Commonwealth of Australia.
The final order book included around 20 accounts with 95 per cent placed domestically. Participation was largely split between balance sheets (50 per cent) and fund managers (45 per cent), with the remaining 5 per cent of demand coming from middle markets and private banking networks.