AfDB prices its largest-ever Kangaroo in market return [UPDATED]
African Development Bank (AfDB) (AAA/Aaa/AAA) priced a new 10-year Kangaroo deal on March 16 in the supranational's third-ever Kangaroo issue and its first since January 2011. AfDB also becomes the 10th supranational, sovereign and agency borrower to price an Australian dollar transaction so far in 2012.New ING issuer to aims to be regular domestic unsecured borrower [UPDATED]
ING Bank Sydney (ING Sydney), which debuted as a domestic market borrower with a four-year transaction that priced on March 15, plans to become a regular issuer of unsecured bonds in the Australian market. The local ING retail banking entity that has previously issued Australian dollar paper will continue to be the source of structured finance product in future, the issuer adds.Westpac NZ's jumbo domestic return supports funding flexibility [UPDATED]
Westpac New Zealand (Westpac NZ)'s NZ$750 million (US$607.2 million) return to domestic issuance assists the bank's strategy of retaining significant wholesale funding flexibility, the issuer says. According to KangaNews data the three-year fixed- and floating-rate issue was the largest ever one-time, single-maturity senior domestic issue by a New Zealand bank.KfW increases February 2022 Kangaroo by A$350 million
KfW Bankengruppe (KfW) (AAA/Aaa/AAA) priced its fifth Kangaroo transaction of the year on March 13, with the German agency completing the first increase to the February 2022 line it introduced last month. KfW is the only borrower to have visited the Kangaroo market more than once so far this year, with the agency having placed a total of A$1.85 billion (US$1.95 billion) in its four transactions.Deal and ratings review, week ending March 9 2012
Australasian deal flow had a second consecutive active week with a number of transactions from both local and international issuers pricing. The biggest volume of issuance came from the Australian domestic banking sector, where a pair of big four senior unsecured issues accounted for nearly three-quarters of total primary market volume. The end of reporting season saw ratings activity slow, meanwhile.