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Dollar Swaps Offering Savings as Alumina Eyes Debut Sale: Australia Credit
Edited by : AL CIRCLE
1 min read
... Alumina Ltd. (AWC), Alcoa Inc.’s partner in Melbourne, may consider selling its first bonds in Australian dollars and take advantage of the currency swaps market where savings are almost double the 10-year average. The five-year Australian dollar basis swap has risen 0.3 basis point this month to 21.8 basis points, offering a bigger discount to exchange debt in the local currency to U.S. dollars, ...
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