KBN readying first Kangaroo deal since 2007

Kommunalbanken Norway (KBN) (AAA/Aaa) has mandated ANZ Banking Group, RBC Capital Markets and Royal Bank of Scotland Australia to lead manage its return to the Kangaroo market. The issuer is expecting to launch a five-year deal, which will be its first primary market activity in Australia since March 2007, "in the near future, subject to market conditions".