KommuneKredit tops up its November 2026 Kangaroo

Tuesday, 24 January 2017

On January 24, KommuneKredit (AAA/Aaa) priced an increase to its November 2026 Kangaroo bond. According to KangaNews data, the line was most recently tapped on January 6 for volume of A$70 million (US$53.2 million). This transaction priced at 72 basis points over semi-quarterly swap.

Issuer name: KommuneKredit
Issuer rating: AAA/Aaa
Issue rating: as issuer
Pricing date: January 24 2017
Settlement date: January 31 2017
Maturity date: November 27 2026
Lead manager: Mizuho

Volume: A$50 million (US$37.9 million)
Total outstanding in this line: A$535 million
Coupon type: fixed
Coupon rate: 2.9%
Issue/re-offer price: 94.863%
Issue yield:3.523%
Margin to swap: 68bp/s-q
Margin to ACGB: 87.5bp/April 2027

Issuer’s outstanding Kangaroo volume: A$520 million
Number of Kangaroo lines: one
Next maturity date: November 27 2026
Next maturity volume: A$520 million
Previous issue date: January 6 2017
Previous issue maturity: November 27 2026
Previous issue volume: A$70 million
Previous issue margin: 72bp/swap