Another Kangaroo hits A$1 billion as IADB taps 2014s

Inter-American Development Bank (IADB) (AAA/Aaa/AAA) priced the fourth Kangaroo deal in two days on October 2, adding A$250 million (US$217.46 million) to its May 2014 line and bringing the size of the line to A$1 billion in the process. The deal priced at a margin of 65 basis points over the June 2014 Australian government bond, which rate sheet data suggests equates to high single figures basis points over swap.