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International Finance Corporation (IFC) (AAA/Aaa), the private sector arm of the World Bank Group, is understood to be working on documentation for a Kangaroo programme.

Kaupthing Bank (Aa3/A), Iceland’s largest financial institution, will return to Australia with a roadshow, arranged by ANZ Banking Group (ANZ) and RBC Capital Markets (RBCCM), commencing on July 16.

Concern over the likely impact of GPS120, the Australian Prudential Regulation Authority (APRA) edict which prevents Australian general insurers from classifying Kangaroo bonds as domestic assets for portfolio purposes, appears to have receded.

J.P. Morgan Chase & Co (AA-/Aa2) priced its inaugural Kangaroo on June 14, a A$950 million (US$778 million) senior two-tranche deal.

J.P. Morgan Chase has taken soundings with investors with regard to issuing its first Kangaroo deal, discussing the possibility of bringing either or both senior and subordinated deals.

Credit agencies Moody’s Investors Service (Moody’s) and Standard & Poor’s (S&P) have confirmed that bonds issued by Sallie Mae (SLM) are likely to fall below investment grade if its expected takeover by a private equity consortium goes ahead.

A May 18 A$250 million (US$205 million) tap raised Instituto de Crédito Oficial (ICO)'s (AAA/Aaa/AAA) March 2011 bond to a total issuance of A$750 million.

Iceland's Landsbanki (Aa3/A) has completed a A$2 billion (US$1.67 billion) Kangaroo programme but seems unlikely to issue in the short term.

The Canadian province of Manitoba finalised a Kangaroo borrowing programme in mid-May in conjunction with both TD Securities and RBC Capital Markets (RBCCM).

On the eve of its second Australian roadshow, in the week beginning May 22, African Development Bank (AfDB) (AAA/Aaa/AAA) outlined ambitions to source funding in an increasingly diverse range of markets.

On May 8 EUROFIMA (AAA/Aaa) priced a A$100 million (US$83 million) increase to its 5.5 per cent June 2020 Kangaroo bond, bringing the total outstanding in the product to A$400 million and total Kangaroo outstanding to A$4.635 billion.

On May 18 the long-anticipated inaugural Kangaroo deal from Wachovia - the fourth-largest US bank in terms of assets - was priced, totalling A$1.45 billion (US$1.2 billion).