Spanish agency Instituto de Credito Oficial (ICO) brought its second Kangaroo deal for 2007 on February 16 – a A$300 million 6.125 per cent February 2014 deal led by RBC Capital Markets and UBS Investment Bank. The reoffer spread was 12 basis points under three-month basis swap (BBSW) or 33 basis points over the 6.5 per cent May 2013 government bond.
