Key information, charts and contact details for 36 supranational, sovereign and agency (SSA) borrowers relevant to the Australian and New Zealand markets. Profiles include details on sustainable finance and overall funding strategies.

On 18 August, Korea Development Bank (KDB) (AA/Aa2/AA-) launched a new Kangaroo, three-year, senior-unsecured, benchmark transaction, offered in either or both fixed and floating-rate note formats. The forthcoming deal, which is expected to price on the day of launch, is being marketed at 68 basis points area over swap benchmarks. ANZ, KDB Asia, MUFG Securities and National Australia Bank are leading.

On 17 August, Korea Development Bank (KDB) (AA/Aa2/AA-) began taking indications of interest for a potential three-year, Kangaroo transaction, offered in either or both fixed and floating-rate note formats. Initial price thoughts are 70 basis points area over swap benchmarks, according to lead managers ANZ, KDB Asia, MUFG Securities and National Australia Bank.

Key data and information on 33 supranational, sovereign and agency issuers active in the Australasian debt markets, including programme information, funding strategy and debt data. 

On 20 August, Korea Development Bank (KDB) (AA/Aa2/AA-) launched a multi-tranche Kangaroo benchmark deal, offered in three- and five-year floating-rate and five-year fixed-rate formats. Indicative price guidance for the three-year tranche is 65 basis points area over three-month bank bills, while the five-year tranches are being marketed at 80-82 basis points area over swap benchmarks.

Korea Development Bank (KDB) was able to execute its first Kangaroo deal since November 2015 – the first from any Korean borrower since the first half of last year – despite the deal coming at the end of a week of global market volatility. Deal sources say the issuer achieved a twice-oversubscribed book with an attractive cost of funds, which hints at a potential revival in opportunities for mid-curve Kangaroo issuance.

On 11 October, Korea Development Bank (KDB) (AA/Aa2/AA-) launched a new, Australian dollar denominated, five-year Kangaroo bond, to come in either or both fixed- and floating-rate formats. The forthcoming deal has indicative price guidance of 100-103 basis points area over swap benchmarks.