Next in the series talking to the individual award winners from the KangaNews Awards 2016, Tom Irving, managing director and head of Asia syndicate at TD Securities, and Brad Scott, director, corporate debt markets origination at National Australia Bank, reveal what it takes to be an award-winning intermediary in an everchanging Australian market.
On 22 January, Province of Manitoba (Manitoba) (A+/Aa2) launched a minimum A$30 million (US$21.5 million) increase to its August 2028 Kangaroo bond, via TD Securities. The forthcoming deal has indicative price guidance in the area of 61 basis points over semi-quarterly swap and 71.5 basis points over Australian Commonwealth government bond. Pricing is expected on the day of launch.
On 22 January, KfW Bankengruppe (KfW) (AAA/Aaa) launched a tap of its March 2024 Kangaroo bond, with indicative price guidance of 42 basis points area over semi-quarterly swap and 47.5 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch, according to lead managers Deutsche Bank, RBC Capital Markets and TD Securities.