First Aussie domestic deal of 2010 nets A$1.05 billion for Rabobank [UPDATED]
The Australian domestic market reopened on January 20 with the pricing of a A$900 million (US$825.12 million) new January 2013 maturity for Rabobank Nederland Australia Branch (Rabobank) (AAA/Aaa). The transaction was subsequently upsized by a further A$150 million a day after initial pricing.ADB to debut in Kauri market with first deal of 2010
The debut Kauri deal from Asian Development Bank (ADB) (AAA/Aaa/AAA), which launched on January 20, is also the first Kauri transaction to launch in 2010. The issuer is bringing a new four-year deal in what will be the first New Zealand market trade from a supranational, sovereign and agency (SSA) issuer since World Bank (AAA/Aaa/AAA) priced a brace of taps in early December last year.EIB's A$650 million tap takes SSA Kangaroos past monthly record
With the January 19 pricing of a A$650 million (US$) to European Investment Bank (EIB)'s (AAA/Aaa/AAA) August 2013 Kangaroo aggregate issuance from supranational, sovereign and agency (SSA) borrowers in the Australian market passed its all-time monthly record. A total of A$4.675 billion of SSA Kangaroos has been sold in January 2010, beating the previous peak of A$4.33 billion from November last year.
QTC's new benchmark 2014 line will be unguaranteed
On January 20 Queensland Treasury Corporation (QTC) (AA+/Aa1) announced it will place a new November 2014 maturity bond line via syndication but without federal government guarantee. With QTC having applied for and received a guarantee on all its outstanding lines with maturities from 2011 to 2021, the new bond will be its only unguaranteed mid-curve price point.KfW gets its first A$2 billion Kangaroo with 2012 tap
The A$450 million (US$416.48 million) increase to KfW Bankengruppe (KfW)'s January 2012 Kangaroo bond that priced on January 19 brought the size of the line to A$2.1 billion, making it the issuer's first A$2 billion-plus line in the market and the joint third-largest Kangaroo outstanding. KfW is also just the second Kangaroo-issuing institution to have a bond of this size on issue.