EDC doubles Kangaroo debut volume with A$650 million transaction

Export Development Canada (EDC) (AAA/Aaa) has priced its inaugural Kangaroo bond – a five-year deal which was upsized to A$650 million (US$580.5 million) from a minimum target size of A$300 million. Commonwealth Bank of Australia, RBC Capital Markets and TD Securities are joint lead managers on the transaction, which priced on July 28.