Kanga.Trends
ICO prices 2011 tap despite basis swap fluctuations.
Basis swap volatility still high as KfW taps 2011s.
EUROFIMA taps 2010 Roo twice in a week.
EUROFIMA’s 2018 tap finds longer-dated demand.
RBNZ looking at repo limits as BNG and other agencies get closer.
EIB brings nine-year Kauri private placement.
Feature: Investigating the indices
When market activity is thin, participants have more time to subject all the mechanisms of liquidity to closer scrutiny. One market tool that is under the microscope in non-core dollar markets is the benchmark indices.
Feature: Controlling the flow
Intermediaries have seen as much upheaval as issuers and investors as the credit crunch continues to bite. Less than a year since talk of commoditisation dominated the origination business, just a handful of names have successfully brought Kangaroo deals to market in 2008 and some of the biggest names on the street have been silent all year.
Feature: ‘AussieMac’ a real option?
The disappearance of a primary market for Australian mortgage-backed securities has caused great concern in many areas, leading to requests to create a government-backed RMBS model along US or Canadian lines. But with the suggestion that ‘AussieMac’ could squeeze SSA Kangaroo issuers out of the market just one of the objections, the creation of a new asset class is far from certain.
Opinion: Stephen Knight on “the new world order for credit markets”
Stephen Knight, chief executive officer at New South Wales Treasury Corporation, talks about how the collision of some serious structural changes occurring in the global economy is being met with significant cyclical shifts experienced since the start of the liquidity crisis.
Kanga.Deals
Exclusive data on Kangaroo and Kauri deals issued from January 1 to April 16 2008.
Bookrunner league tables for the Kangaroo and Kauri bond markets.
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