Kangaroo issuance passes all-time monthly record
On January 28,
Kommunalbanken Norway (KBN) (AAA/Aaa) opened a new February 2013 Kangaroo maturity, pricing A$350 million (US$315.5 million) of floating rate notes (FRN) at 43 basis points over the three month bank bill swap rate. The transaction has pushed total Kangaroo issuance for January into record setting territory at A$6.325 billion – a volume that surpasses the old high-water mark of A$6.3 billion seen in February 2007.
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Rentenbank adds A$350 million to Kangaroo FRN
In a late finish to activity on January 27,
Rentenbank (AAA/Aaa/AAA) tapped its January 2013 Kangaroo floating rate note (FRN) by A$350 million (US$313.18 million) long after the close of business. The increase brings the outstanding size of Rentenbank's FRN – which was
first brought to market on January 14 this year – to A$650 million and aggregate Kangaroo issuance for the month to A$5.975 billion.
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