On February 16 Rabobank priced a A$350 million CPI-linked bond via its domestic branch in Australia. This is the first inflation-linked bond to be issued in the Australian market in 2007 and the largest Kangaroo inflation-linked issue to date.
On February 1 Citigroup Inc. priced a three-tranche Kangaroo deal, with fixed and floating rate notes (FRNs) maturing on February 13 2012 and a fixed rate 10-year tranche maturing on February 13 2017.
A total of A$5.1 billion was issued by four US-based financial institutions in the first two weeks of February. This comprises 68.5 per cent of the total volume of A$7.45 billion issued in the year to February 16.