KangaNews launches Australasian covered bond intermediary league tables
KangaNews is pleased to announce the launch of intermediary league tables for the Australian covered bond market – including historical Kangaroo covered bond issuance – and for Australian and New Zealand covered bond issuance into global benchmark markets. Since the market opened in late 2011 Australian banks have issued the equivalent of over US$35 billion of covered bonds globally, while New Zealand banks have placed over US$8 billion since mid-2010.NIB prices new five-year Kangaroo line [UPDATED]
Nordic Investment Bank (NIB) (AAA/Aaa) has priced its third transaction of 2012 on July 30 with a new five-year Kangaroo. The deal comes during what already a bumper month for Kangaroos with 16 transactions priced in July to date.Kangaroo demand broadens through busy July, borrowers say
Kangaroo borrowers say demand driving bumper high-grade July deal flow continues to be concentrated in Asia, but Australian and European take up has been a growing feature of selected deals. As of the close on July 26, 13 Kangaroo transactions from 10 issuers have been completed in July for a total of A$3.35 billion (US$3.48 billion), with pricing on at least one more deal imminent.