Nomura

Friday, 31 July 2020
Aug/Sep 2020

No obvious circuit breaker for Kangaroo SSA supply

Pricing in the Australian dollar supranational, sovereign and agency (SSA) market remains dislocated, intermediaries say, based on lack of alignment between domestic investor and offshore borrower pricing expectations. A number of factors are at play, not least among them the record support SSA borrowers are receiving in global markets.

Thursday, 15 July 2021

EIB launches November 2024 CAB Kangaroo tap

On 15 July, European Investment Bank (EIB) (AAA/Aaa/AAA) launched a minimum A$150 million (US$111.4 million) increase to its November 2024 climate-awareness bond (CAB) Kangaroo. The forthcoming deal has indicative price guidance of 6 basis points area over semi-quarterly swap, equal to 24.5 basis points area over Australian Commonwealth government bond. ANZ and Nomura are joint lead managers.

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