Domestic demand predominant in CEB's 2014 Kangaroo tap
The October 9, A$200 million increase to Council of Europe Development Bank (CEB)'s (AAA/Aaa) 2014 line saw demand coming primarily from domestic investors, in contrast to other recent Kangaroos where the international bid has taken the majority of paper. Leads on the CEB deal say 75 per cent of bonds were placed with Australian buyers.KBN beats expectations with A$350 million Kangaroo return [UPDATED]
The first Kangaroo deal sold by Kommunalbanken Norway (KBN) (AAA/Aaa) in over two years attracted final volume of A$350 million (US$316.16 million) to the five-year maturity transaction. The October 9 deal is therefore the issuer's largest in the Kangaroo market, with volume exceeding launch expectations on the back of a book of over 30 accounts.BoS Australia's domestic issuance in 2009 totals A$4bn with latest deal
On October 8 Bank of Scotland Australia Branch (BoS Australia) (A+/Aa3) priced a new Australian government-guaranteed line in the domestic market. The January 13 2011 deal led by J.P. Morgan and Westpac Institutional bank totals A$1.25 billion (US$1.13 billion) and is the third transaction priced by the bank in the Australian market this year, bringing the total volume in 2009 from the issuer in this market to A$4 billion.
World Bank talks Kangaroo strategy after A$1.4 billion market return [UPDATED]
With its annual funding requirement more than doubling since 2007/8, the World Bank (AAA/Aaa) says it could become a more consistent presence in the Kangaroo market in future. The issuer priced its first Australian market deal for over three years on October 7, taking away a total of A$1.4 billion (US$1.27 billion) in the largest ever Kangaroo from a supranational, sovereign and agency (SSA) borrower.More Kangaroo activity coming with CEB mandate
Council of Europe Development Bank (CEB) (AAA/Aaa) has announced a mandate to increase its 2014 Kangaroo bond, with Commonwealth Bank of Australia and UBS Investment Bank to lead the transaction "in the near term subject to market conditions". CEB inaugurated the line in September this year in a A$300 million (US$267.09 million) transaction.