NZ domestic market poised to reopen with three deals coming
The New Zealand domestic market is up and running with a trio of deals slated to open over the coming weeks. A transaction from Meridian Energy (Meridian) (BBB+) is already underway, while deals from Fonterra Cooperative Group (Fonterra) (A+/AA-) and Auckland City Council (Auckland City) (AA-) are expected to launch toward the end of February or early in March.IADB's third Kangaroo of 2010 will be new 2013
Inter-American Development Bank (IADB) (AAA/Aaa/AAA) launched its third Kangaroo deal of the month on January 21, announcing that it will price a new May 2013 line in the near future. Having already issued A$900 million (US$819.9 million) in a brace of Kangaroo transactions this year – both of them increases to existing lines – IADB's new deal is likely to make it the biggest Kangaroo issuer of 2010.