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The NZ$175 million (US$214.8 million) increase to Rentenbank’s (AAA/Aaa/AAA) 2013 Kauri, which priced on January 31, brought the agency’s total issuance to its NZ$500 million limit for repo-eligibility in New Zealand.

Rabobank (AAA/Aaa) roadshowed in Australia last week, and although the firm does not believe the timing is yet right for an Aussie dollar deal it has reaffirmed its intention to be active in the market during 2008.

Two US-based financial institutions – Wells Fargo (AA+/Aa1/AA) and CIT Group (A/A2/A) – will visit investors in Australia in the next two weeks, KangaNews has learned from market sources.

Inter-American Development Bank (AAA/Aaa) (IADB) expects to remain active in Australian and New Zealand markets following increases to its 2010 Kangaroo and 2015 Kauri bonds priced on the same day, January 25.

The first new Kauri deal of the year is a debut issue from Council of Europe Development Bank (CEB) (AAA/Aaa/AAA), a NZ375 million (US$285.2 million) transaction led by ANZ Institutional and TD Securities that priced on January 23.

On January 18 European Investment Bank (EIB) (AAA/Aaa/AAA) priced a A$400 million (US$352 million) increase to its 6.125 per cent January 2017 Kangaroo bond, bringing the total amount outstanding in this line to A$1.2 billion.

On January 18 Export Development Canada (EDC) (AAA/Aaa) increased its November 2010 Kauri deal by NZ$100 million (US$76 million). The deal was led by Bank of New Zealand (BNZ) and RBC Capital Markets (RBCCM).

On January 17 European Investment Bank (EIB) (AAA/Aaa/AAA) mandated RBC Capital Markets as sole lead for an increase to the A$800 million 6.125 per cent January 2017 Kangaroo bond. Pricing is expected on Friday January 18.

The two remaining Kangaroo deals which launched on January 14 have priced, with both KfW Bankengruppe (AAA/Aaa/AAA) (KfW) and Asian Development Bank (AAA/Aaa/AAA) (ADB) increasing 2012 bonds by A$250 million (US$224.8 million).

January 14 saw more positive signs for the Kangaroo market with Instituto de Crédito Official (AAA/Aaa/AAA) (ICO) pricing a A$200 million (US$179 million) increase to its 2012 bond on the same day two further deals launched.

European Investment Bank (AAA/Aaa/AAA) (EIB) has priced the first new Kangaroo deal since last June, selling A$500 million (US$447.4 million) of 2012 paper on January 11.

The first Kangaroo deal of 2008 priced on January 8, with EUROFIMA (AAA/Aaa) increasing its 2018 bond by A$250 million (US$219.3 million). The TD Securities (TD) lead-managed deal priced at 66 basis points over the benchmark 2017 6 per cent government bond.