On February 1, Rentenbank (AAA/Aaa/AAA) mandated an increase to its April 2021 line. According to KangaNews data, the forthcoming transaction will be Rentenbank's first tap to its 2021 line. The line was introduced in April last year for volume of A$300 million (US$212.1 million) and pricing of 55 basis points over Australian Commonwealth government bond (ACGB).

The forthcoming transaction will also be Rentenbank's second Kangaroo-market foray of 02016. On January 28 the agency added A$75 million to its May 2026 line at 47.25 basis points over ACGB.

Deutsche Bank and HSBC will act as lead managers on Rentenbank's April 2021 tap.