EDC launches minimum A$250 million increase to October 2022 Kangaroo
- Wednesday, 10 January 2018
On 10 January, Export Development Canada (EDC) (AAA/Aaa) launched a minimum A$250 million (US$195.4 million) increase to its October 2022 Kangaroo bond. The transaction is being marketed at 32 basis points area over semi-quarterly swap and 40.7 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch, according to lead managers Commonwealth Bank of Australia, Deutsche Bank and RBC Capital Markets.
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