Two more US Kangaroos as IFC prices A$1.1 billion and IADB launches
International Finance Corporation (AAA/Aaa) achieved a significant upsize in the inauguration of its third Kangaroo line on March 3, eventually pricing A$1.1 billion (US$995.61 million) in its new March 2015 from a minimum size at the previous day's launch of A$500 million. Although this is IFC's first Kangaroo of the year it has now priced at least A$1 billion in each of the three years since its 2008 Kangaroo debut.
BOQ brings A$1 billion guaranteed 2015 to secure term
Bank of Queensland (BOQ) (BBB+/A2/BBB+) says the A$1 billion (US$897.5 million) government guaranteed March 2015 transaction it priced on March 1 will help term out the issuer's maturity profile in an environment where unguaranteed tenor continues to be harder to achieve. The fixed- and floating-rate deal priced at 79 basis points over government securities or 35 basis points over bank bill swap rate.