Deutsche Bank

Wednesday, 24 May 2017

Kangaroo SSA mid-curve flickers on positive demand notes

Mid-curve Kangaroo market pricing has swung back into a range that some global supranational, sovereign and agency (SSA) borrowers consider to be an acceptable premium for diversification purposes, market participants say. A recent-year issuance decline shows signs of having bottomed out – though it is yet to rebound – and market users say demand for the SSA product is steadily broadening.

Wednesday, 20 February 2019

KfW launches September 2026 Kangaroo increase

On 20 February, KfW Bankengruppe (KfW) (AAA/Aaa) launched a tap of its September 2026 Kangaroo bond, via Deutsche Bank and TD Securities. The forthcoming deal is being marketed at 46 basis points area over semi-quarterly swap and 59 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch.

Friday, 15 February 2019

GM gets Australian corporate market in gear for 2019

A debut Kangaroo transaction from General Motors Financial Company (GM) has kick-started Australian corporate issuance in 2019. Deal sources say the tenor and volume achieved were a good result for this segment of the corporate market and lay a good platform for an issuer that has also established a domestic subsidiary.

Wednesday, 13 February 2019

General Motors launches debut Kangaroo four-year deal

On 13 February, General Motors Financial Company (General Motors) (BBB/Baa3/BBB) launched a four-year, inaugural Kangaroo bond transaction. The forthcoming deal is being marketed at 205 basis points area over semi-quarterly swap and is expected to price on the day after launch. Deutsche Bank, TD Securities and Westpac Institutional Bank are joint lead managers.

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