Business Services Industry
HBOS to return with longer dated bonds.
Australasian Business Intelligence, March, 2006
Mar 20, 2006 (The Australian Financial Markets Newsletter -
INSTO - ABIX via COMTEX) -- HBOS completed a $A1.35 billion deal on 16 March 2006. The transaction is the second-
biggest of 2006, behind Morgan Stanley's $A1.4 billion transaction. It is also the second-largest under the new program launched
by HBOS Treasury Services' Sydney branch in late 2005. Over 30 accounts took part in the deal, which was structured as a transferable deposit. Investors were drawn to HBOS's
strong credit and the opportunity to diversify away from the majors. An unnamed fund manager notes that HBOS offered a chance to secure a couple of basis points over the majors....
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