EDC adds A$250 million in second tap to its 2018 Kangaroo line [UPDATED]
- Thursday, 27 February 2014
Export Development Canada (EDC) (AAA/Aaa) priced an increase to its 3.25 per cent May 2018 Kangaroo line on February 27. According to KangaNews data, the deal is the second tap of the line which was introduced in May 2013 at a volume of A$400 million (US$360.2 million) and pricing of 59.75 basis points over Australian government bond (ACGB). The line was later increased by A$350 million in September 2013 with pricing of 62.5 basis points over ACGB.
