KfW adds A$100 million to its September 2026 Kangaroo [UPDATED]

Friday, 18 November 2016

KfW Bankengruppe (KfW) (AAA/Aaa/AAA) printed A$100 million (US$73.8 million) in a tap to its September 2026 Kangaroo bond, on November 18. According to KangaNews data, the line was introduced in March this year for volume of A$200 million and pricing of 58 basis points over swap.

Issuer name: KfW Bankengruppe
Issuer rating: AAA/Aaa/AAA
Issue rating: as issuer
Pricing date: November 18 2016
Settlement date: November 25 2016
Maturity date: September 11 2026
Lead managers: RBC Capital Markets, TD Securities

Volume: A$100 million (US$73.8 million)
Total outstanding in this line: A$700 million
Coupon type: fixed
Coupon rate: 3.2%
Issue/re-offer price: 99.664%
Issue yield: 3.24%
Margin to swap: 54bp/s-q
Margin to ACGB: 58.5bp/April 2026

Issuer's outstanding Kangaroo volume: A$27.6 billion
Number of Kangaroo lines: 16
Next maturity date: March 28 2016
Next maturity volume: A$2.4 billion
Previous issue date: September 8 2016
Previous issue maturity: September 11 2026
Previous issue volume: A$100 million
Previous issue margin: 57bp/ACGB