Kiwibank nets A$250 million in first FI Kangaroo since 2007
- Monday, 19 October 2009
Kiwibank (AA-) priced the first financial institution (FI) Kangaroo bond for over two years on October 15, selling A$250 million (US$228.15 million) of fixed rate, five-year notes at a margin of 42 basis points over bank bill swap rate (BBSW). The bonds are covered by the New Zealand government guarantee and are rated AA+/Aaa/AAA in line with the sovereign's foreign currency credit ratings.
