EDC adds A$475 million to its 2021 Kangaroo

Export Development Canada (EDC) (AAA/Aaa) priced a A$475 million (US$360.7 million) increase to its June 2021 Kangaroo transaction on January 25. The tap issue priced in line with guidance of 46 basis points over semi-quarterly swap. According to KangaNews data, the line was introduced in May last year for volume of A$300 millionand pricing of 64.5 basis points over Australian Commonwealth government bond.