Rentenbank's new 2017 helps March break record Kangaroo issuance
The record for Kangaroo issuance in a single month has been broken with
Rentenbank (AAA/Aaa/AAA) completing a A$250 million (US$228.5 million) new seven-year deal on the last day of March. Kangaroo issuance for the month is now at A$6.35 billion, marginally surpassing the all-time record of A$6.325 set in January this year.
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AOFM takes half of IMB RMBS as A$920 million prices in a week
The Australian Office of Financial Management (AOFM) was one of nine investors in IMB's Illawarra Series Trust 2010-1 (Illawarra 2010-1) residential mortgage-backed securities (RMBS) transaction that priced on March 26. The Commonwealth government debt management agency took over half the deal's paper with an injection of A$157.5 million (US$143.3 million) out of the total A$300 million printed.
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