Offshore bid for SSA Kangaroos continues as deal flow ramps up in August

August volume from high-grade issuers in the Kangaroo market confounded expectations of a slowdown around European summer. Particularly notable is increased demand at the long end of the curve for triple-A rated assets. But while longer maturities currently offer investors the yield they are seeking, the sacrifice for some borrowers in terms of all-in cost remains too great.