Maximising domestic investor engagement was a key strategy for the Export-Import Bank of Korea (Kexim) as it issued in the Kangaroo market for the first time this year. Kexim is also the first Korean entity to price an Australian dollar domestic deal in 2019.
International Finance Corporation (IFC) (AAA/Aaa) launched a minimum A$25 million (US$17.2 million) increase to its June 2029 Kangaroo bond, on 22 May. The forthcoming transaction is being marketed at 42 basis points area over semi-quarterly swap, equivalent to 55 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to sole lead manager Nomura.