World Bank equals largest SSA Kangaroo transaction with A$1.5 billion deal [UPDATED]
On the same day as it priced an
increase to its December 2014 Kauri bond,
World Bank (AAA/Aaa) priced A$1.5 billion (US$1.33 billion) in its new five-year benchmark Kangaroo transaction via ANZ, RBC Capital Markets and TD Securities. The transaction equals the volume of both the largest-ever supranational, sovereign and agency (SSA) Kangaroo deal and the largest single Kangaroo tranche from any issuer.
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Kangaroo issuance passes all-time monthly record
On January 28,
Kommunalbanken Norway (KBN) (AAA/Aaa) opened a new February 2013 Kangaroo maturity, pricing A$350 million (US$315.5 million) of floating rate notes (FRN) at 43 basis points over the three month bank bill swap rate. The transaction has pushed total Kangaroo issuance for January into record setting territory at A$6.325 billion – a volume that surpasses the old high-water mark of A$6.3 billion seen in February 2007.
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