Rentenbank returns to Kangaroo market with A$450 million 2014

On July 2, Rentenbank (AAA/Aaa/AAA) became the eighth supranational, sovereign and agency (SSA) issuer to return to the Kangaroo market in 2009 with the pricing of its A$450 million (US$361.49 million) new 2014 line. The deal came to market at a margin of 108.5 basis points over the benchmark 6.5 per cent June 2014 Australian government bond.