Citi's Kangaroo market return nets A$500 million [UPDATED]
- Thursday, 24 January 2013
The first month of 2013 has now seen two US banks return to the Kangaroo market for the first time since the financial crisis, as Citigroup (Citi) (A-/Baa2/A) priced a new Australian dollar issue on January 24. On January 17, Wells Fargo returned to the Kangaroo market to price a combined A$900 million (US$947.3 million) in a fixed- and floating-rate five-year transaction.
