Two more Kangaroos continue to chase pricing down

A brace of Kangaroo deals from August 12 have continued the trend for tightening margins for the supranational, sovereign and agency (SSA) asset class in Australia, with the A$300 million (US$248.94 million) 2015 tap from KfW Bankengruppe (KfW) (AAA/Aaa/AAA) offering low- to mid-40s basis points over swap and a new 2014 from Nordic Investment Bank (NIB) (AAA/Aaa) expected to offer an even tighter margin at its forthcoming pricing.