KfW taps 2013 line as Kangaroos continue to tighten

On Friday August 21 KfW Bankengruppe (AAA/Aaa/AAA) priced a A$300 million (US$252 million) increase to its 5.50 per cent August 2013 Kangaroo bond. The tap, led by TD Securities and UBS, brings the total outstanding in this line to A$700 million and total Kangaroo issuance this year from all issuers to A$9.25 billion.