EDC launches new five-year Kangaroo deal
- Tuesday, 15 May 2018
Export Development Canada (EDC) (AAA/Aaa) launched a new, minimum A$250 million (US$188.3 million) five-year Kangaroo bond on 15 May. The forthcoming deal has indicative price guidance of 35 basis points area over semi-quarterly swap and 41 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch, according to Deutsche Bank, RBC Capital Markets and TD Securities.
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