Latest News
Inter-American Development Bank (IADB) (AAA/Aaa) added to its April 2027 Kangaroo bond for the second time this year on January 18. The tap issue priced flat to initial guidance of 49 basis points over semi-quarterly swap. According to KangaNews data, IADB was most recently in the Kangaroo market in January this year when it added A$25 million to the same line at 49 basis points over semi-quarterly swap.
Following its euro market debut, Auckland Council says a growing funding requirement prompted the decision to issue a benchmark-sized deal in a new arena for the borrower. Population growth and the related infrastructure need means the council anticipates further forays into international benchmark markets over the next five years.
On January 17, Newcastle Permanent Building Society (NPBS) (BBB+/A2) printed A$150 million (US$112.8 million) - upsized from a launch volume of A$100 million - in a new, five-year domestic deal. The transaction priced flat to initial guidance of 165 basis points over three-month bank bill swap rate (BBSW).
African Development Bank (AfDB) (AAA/Aaa/AAA) launched a new July 2027 Kangaroo bond for minimum volume of A$50 million (US$37.3 million) on January 17. The transaction is being marketed at 51 basis points over semi-quarterly swap.
In the first nonfinancial domestic corporate deal of the year, Dexus Finance (Dexus) (A-/A3) printed a A$75.5 million (US$56.3 million) increase to its November 2025 bond on January 12. The transaction priced flat to guidance of 160 basis points over semi-quarterly swap.
On January 12, Asian Development Bank (ADB) added A$125 million (US$93.2 million) - upszied from A$100 million - to its 2026 line. The tap priced flat to launch guidance of 49 basis points over semi-quarterly swap.
On January 16, Royal Bank of Canada Sydney Branch (RBC Sydney) (AA-/Aa3) printed A$525 million (US$392.4 million) in a new, one-year benchmark transaction. The issuer's first deal of 2017 priced flat to intial guidance of 55 basis points over three-month bank bill swap rate (BBSW).
National Australia Bank (NAB) printed A$275 million (US$204.7 million) in a new Australian dollar tier-two deal on January 12. Final pricing came in 10 basis points tighter against initial guidance of 230 basis points over semi-quarterly swap. The 15-year non-call 10 transaction was issued off NAB's GMTN programme and was targeted at offshore investors.
On January 12, NWB Bank (AAA/Aaa) printed a new 2027-maturity Kangaroo transaction. Final pricing came in at 74 basis points over semi-quarterly swap - the same level as initial guidance. According to KangaNews data, NWB Bank was most recently in the Kangaroo market in October last year when it added A$115 million to its September 2026 Kangaroo bond. This transaction priced at 75 basis points over semi-quarterly swap.
EUROFIMA (AA+/Aa1) priced a tap to its January 2027 Kangaroo line late on January 12. The tap is EUROFIMA's first Kangaroo deal for 2017.
On January 13, Nordic Investment Bank (NIB) (AAA/Aaa) disclosed that it had priced an increase to its February 2026 Kangaroo bond. The transaction added to the A$345 million (US$258.5 million) already on issue in a line NIB originally introduced in July 2015.