Time to shine

For many supranational, sovereign and agency (SSA) borrowers, providing credit to aid economies through the COVID-19 crisis goes to the core of their purpose. Even those experiencing little impact on the lending side are now dealing with substantially changed capital markets.

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.

Rentenbank prices new NZ$300 million Kauri deal

Rentenbank prints A$400 million January 2025 Kangaroo tap

Rentenbank launches January 2025 Kangaroo tap

Late in the Sydney day on 6 May, Rentenbank (AAA/Aaa/AAA) launched a minimum A$100 million (US$64 million) increase to its January 2025 Kangaroo bond. The forthcoming deal has indicative price guidance of 50 basis points area over semi-quarterly swap and 45.75 basis points area over Australian Commonwealth government bond. Pricing is expected on 7 May, according to lead managers J.P. Morgan and TD Securities.