EIB breaks Kangaroo records with A$1.5 billion new 2015 [UPDATED]
On November 11 the European Investment Bank (EIB) (AAA/Aaa) priced a A$1.5 billion (US$1.39 billion) April 2015 Kangaroo bond – the largest single tranche transaction ever issued into the Kangaroo market. The new line priced at 83 basis points over the benchmark April 2015 Australian government bond, which rate sheet data indicates equates to the region of 23-25 basis points over swap.
BNG responds to investor demand with quiet Kangaroo return
Dutch agency Bank Nederlandse Gemeenten (BNG) (AAA/Aaa/AAA) has issued a privately-placed A$230 million (US$213.92 million) November 2013 Kangaroo bond with ANZ Banking Group (ANZ) as lead manager. This is the first time BNG has been present in the Kangaroo market since November 2006.EIB launches another Kangaroo line with new 2015
The European Investment Bank (EIB) (AAA/Aaa) launched its ninth Kangaroo transaction of 2009 on November 10, with pricing on the new long five-year line expected later this week "in the context of the market" according to its leads. The issue – which will mature in April 2015 – is being lead by ANZ, Commonwealth Bank of Australia and Deutsche Bank.ANZ seven-year hybrid points to confidence revival, lead says
The second hybrid deal from an Australian big four bank to launch in just over two months is a sign of returning confidence in the asset class, according to one of the leads on the latest transaction. ANZ Banking Group (ANZ) (AA/Aa1/AA) launched its CPS2 deal on November 10 seeking volume of A$750 million (US$697.13 million) with room to up- or downsize depending on demand.
Securitisation confidence builds with ME Bank and Capital Finance launches
Signs of returning confidence in Australia's asset-backed security (ABS) market are continuing with two deals set to price in the next week. Capital Finance, an Australian subsidiary of the British banking group Lloyd's, will issue A$621.3 million (US$574.7 million) in a debut auto loan deal to price by November 17 while ME Bank has launched its third residential mortgage-backed security (RMBS) deal of 2009, with pricing expected by the same date.