Turmoil drives strategy divergence among Europe's largest Kangaroo borrowers
- Friday, 05 August 2011
Name-specific responses to the European sovereign debt crisis in the Australian dollar market have led the largest Kangaroo borrowers to adopt contrasting issuance approaches. European Investment Bank (EIB) (AAA/Aaa/AAA) has reduced its Kangaroo activity in response to pricing relativities, while KfW Bankengruppe (KfW)'s (AAA/Aaa/AAA) consistent issuance volume has seen it take over as the market's biggest borrower.
