The Kauri market is showing signs of building on the positive start achieved by supranational, sovereign and agency (SSA) issuers in 2018. Market sources also say a favourable move in the New Zealand dollar basis swap has improved Kauri economics for euro-denominated issuers such as KfW Bankengruppe (KfW).
On 29 November, KfW Bankengruppe (KfW) (AAA/Aaa) launched a minimum A$150 million (US$101.5 million) increase to its February 2021 Kangaroo bond. Indicative price guidance for the forthcoming deal is 24 basis points area over semi-quarterly swap, equivalent to 26.5 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to Nomura.
Supranational, sovereign and agency (SSA) issuers were among the global pioneers of the green, social and sustainability (GSS) bond market. As the sector prepares for its next quantum leap, some of the Kangaroo market’s most prominent GSS issuers talk to KangaNews about their programmes and what comes next.
Key data and information on 33 supranational, sovereign and agency issuers active in the Australasian debt markets, including programme information, funding strategy and debt data.