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ANZ Banking Group (ANZ) (AA-/Aa3/AA-) launched a new Australian dollar benchmark transaction on 8 January. The self-led deal comprises three- and five-year maturity notes and is expected to price the day after launch.
European Investment Bank reopened the Kangaroo market for 2018 with a A$750 million (US$589.2 million) five-year climate-awareness bond, which it swiftly followed with a A$175 million tap of its other Kangaroo climate-awareness line due in February 2028. Across the Tasman Sea, Nordic Investment Bank printed the first Kauri deal of the new year with a NZ$400 million (US$286.3 million) five-year transaction.
African Development Bank (AfDB) (AAA/Aaa) launched a minimum A$30 million (US$23.6 million) increase to its July 2027 Kangaroo on 5 January, via Mizuho Securities. Indicative price guidance for the forthcoming transaction is 45 basis points area over semi-quarterly swap and 50.25 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch.
On 5 January, KfW Bankengruppe (KfW) (AAA/Aaa/AAA) launched an increase to its March 2028 Kangaroo bond. The forthcoming transaction has indicative price guidance of 47 basis points area over semi-quarterly swap and 50.75 basis points area over Australian Commonwealth government bond. The deal will price in the near future, according to joint lead managers RBC Capital Markets and TD Securities.
European Investment Bank (EIB) mandated its second climate-awareness Kangaroo transaction of the new year late in the Sydney day on 4 January. Hard on the heels of printing a new A$750 million (US$589.5 million) five-year deal on 3 January, EIB has mandated a A$175 million reopening of its February 2028 Kangaroo climate-awareness bond, which will take the total outstanding in this line to A$500 million.
Inter-American Development Bank (IADB) (AAA/Aaa) launched a minimum A$250 million (US$195.8 million) tap to its May 2023 Kangaroo on 4 January. Indicative price guidance for the forthcoming transaction is 33 basis points area over semi-quarterly swap and 33.75 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch, according to lead managers Mizuho Securities, RBC Capital Markets and TD Securities.