In 2006, KangaNews and L-Bank hosted a roundtable to discuss the status of Germany, German regions, and the federal state issuers based in those regions, in global markets – including Australia. The years since have brought unprecedented upheaval, perhaps more so in Europe than anywhere else. Even so, German federal states – the länder– remain among the world’s highest-quality issuers. Two state-guaranteed development banks in particular –L-Bank and NRW.BANK – have returned to Australian dollar issuance.
The process of deal execution, like so many others in contemporary capital markets, has been reshaped by regulation. In a world where banks have less facility to provide transaction information to investors, L-Bank is taking all available steps to bridge the gap itself – with positive connotations for investor response and deal outcomes.
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.
L-Bank (AAA/Aaa/AAA) launched a A$50 million (US$35.1 million) minimum increase to its August 2025 Kangaroo bond on 23 July. The tap, which has Commonwealth Bank of Australia, Deutsche Bank, Nomura and RBC Capital Markets as leads, has an indicative margin of 48 basis points over semi-quarterly swap and is expected to price the day after launch.
SSA Yearbook 2019
The annual guide to the world's most significant supranational, sovereign and agency sector issuers.