All eyes on Kangaroo covered bonds in wake of Canadian roadshows
Speculation is mounting that the Kangaroo covered bond market could re-open as early as next week following a brace of roadshows from Canadian banks. However, at least one roadshow-arranging intermediary is playing down reports that a deal will inevitably take place, saying only that investor feedback is currently being assessed and a transaction will emerge if conditions are favourable.South Australia's budget adds A$500 million to SAFA's annual requirement
The recent South Australian state budget has resulted in an increase to the South Australian Government Financing Authority (SAFA)'s (AAA/Aaa) indicative funding requirement for the 2010/11 financial year. The expected target figure is now A$5.6 billion (US$5.3 billion), up from A$5.1 billion before the budget on the back of an increased net debt requirement from the general government sector.