ADB's billion dollar deal highlights Kangaroo market progress [UPDATED]

Asian Development Bank (ADB) (AAA/Aaa) headlined another busy day in the Kangaroo market on January 12 with the inauguration of a A$1 billion (US$927 million) January 2015 bond. The market was also tapped by KfW Bankengruppe (KfW) (AAA/Aaa/AAA), which priced a A$300 million increase to its August 2013 maturity – the issuer's second transaction in less than a week.