KfW prints largest SSA Kangaroo since February in 2021 debut [UPDATED]
KfW Bankengruppe (KfW) (AAA/Aaa/AAA) priced a new May 2021 on May 11, taking its total volume in the market to A$17.4 billion (US$18.6 billion) and its number of lines to 12. The inauguration of the new bond, which becomes agency's longest-dated Australian dollar notes on issue, was mandated on May 11.Australian investors like Goldman Sachs margin but seek corporates [UPDATED]
On May 9, Goldman Sachs Group (Goldman Sachs) (A/A1/A+) issued a new A$1.25 billion (US$1.3 billion) dual-tranche November 2016 Kangaroo, in what was the borrower's first Australian market transaction in more than five years. More Kangaroos from financial institutions (FIs) are expected to come as Australian pricing levels remain attractive on a global relative value basis, with investors who participated in the transaction pleased with what was considered a decent spread offering.