International Finance Corporation

Thursday, 30 August 2018

Domestic investors step up for IFC’s return to Kauri issuance

Pent-up demand led International Finance Corporation (IFC) to bring its first Kauri deal in more than a year on 28 August. According to deal sources, offshore investors have been less prevalent in Kauri deals during 2018, including in IFC’s transaction. However, issuer and intermediaries suggest the extent of domestic demand is sufficient to support further deal flow.

Thursday, 25 June 2020

Technicals supporting Kauri rebound

Kauri issuance rebounded in May-June as more than NZ$2.6 billion (US$1.7 billion) priced, including a rare 10-year transaction of record volume for the tenor. Technical demand drivers are at play but intermediaries suggest positive conditions could remain even as a supply gap closes in the second half of 2020.

Friday, 12 June 2020

IFC launches April 2035 Kangaroo social bond tap

On 12 June, International Finance Corporation (IFC) (AAA/Aaa) launched a minimum A$100 million (US$68.5 million) increase to its April 2035 Kangaroo social bond. Indicative price guidance for the forthcoming deal is 51 basis points area over semi-quarterly swap, equivalent to 34.75 basis points area over Australian Commonwealth government bond.

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