L-Bank euro-AUD could be first step towards new Kangaroo
On March 24 L-Bank (AA+/Aaa), the state development bank for Baden-Wuerttemberg, privately placed a A$75 million (US$68 million) two-year fixed rate euro-Aussie trade via Commonwealth Bank of Australia. The issuer says this is a positive sign for its prospects returning to the Kangaroo market after a three-year absence, as it proves there is definitely demand for the agency's paper in Aussie dollars.ADB adds A$450 million as record Kangaroo year gets back on track
Asian Development Bank (ADB) (AAA/Aaa/AAA) is on its way to doubling its record for Kangaroo issuance in a single year, adding A$450 million (US$412.9 million) to its February 2016 bond on March 24 to bring the total size of the line to A$850 million. On the same day, Nordic Investment Bank (NIB) (AAA/Aaa) announced the launch of its first Kangaroo of 2010 – a new five year line.