EDC adds a capped A$225 million to its 2021 Kangaroo

Export Development Canada (EDC) (AAA/Aaa) tapped its June 2021 Kangaroo bond by A$225 million (US$172.6 million) on 17 March, bringing the total on issue in this line to A$1 billion. The transaction’s pricing margin was tightened by 2 basis points from its launch level of 39 basis points over semi-quarterly swap.