KBN readying first Kangaroo deal since 2007
Kommunalbanken Norway (KBN) (AAA/Aaa) has mandated ANZ Banking Group, RBC Capital Markets and Royal Bank of Scotland Australia to lead manage its return to the Kangaroo market. The issuer is expecting to launch a five-year deal, which will be its first primary market activity in Australia since March 2007, "in the near future, subject to market conditions".
World Bank prints A$1.4 billion in biggest-ever SSA Kangaroo deal
On October 7 the World Bank (AAA/Aaa) priced A$1.4 billion (US$1.25 billion) in a five- and 10-year maturity Kangaroo deal. This is the largest volume sold in a single Kangaroo market transaction from a supranational, sovereign and agency (SSA) issuer although even the larger of the two tranches – A$800 million of 2014 bonds – remains smaller than the all-time record single maturity SSA Kangaroo, Asian Development Bank's A$1 billion five year from 1998.Another Kangaroo hits A$1 billion as IADB taps 2014s
Inter-American Development Bank (IADB) (AAA/Aaa/AAA) priced the fourth Kangaroo deal in two days on October 2, adding A$250 million (US$217.46 million) to its May 2014 line and bringing the size of the line to A$1 billion in the process. The deal priced at a margin of 65 basis points over the June 2014 Australian government bond, which rate sheet data suggests equates to high single figures basis points over swap.