States and AOFM respond to Treasury announcement
There has been an early positive response to the Treasurer of the Commonwealth of Australia Wayne Swan’s May 20 announcement that the government will increase debt issuance, the Australian Office of Financial Management (AOFM)’s investment mandate will be expanded and that semi-government bond issuance will be exempt from interest withholding tax.EIB's 2013 Roo hits A$2 billion with A$500 million tap [UPDATED]
European Investment Bank (AAA/Aaa/AAA) (EIB)’s 2013 Kangaroo bond is the first from a triple-A rated issuer to reach A$2 billion (US$1.92 billion) in size following the May 20 increase of A$500 million to the line.
RBNZ repo changes are positive, supras say [UPDATED]
The Kauri markets two largest supranational issuers have reacted positively to Reserve Bank of New Zealand (RBNZ)'s May 7 announcement that it is to abandon limits on the amount of paper from SSA Kauri bond issuers it will accept for repo purposes.KfW's new 2011 Roo reaches A$1 billion
The August 2011 Kangaroo bond first brought to market by KfW Bankengruppe (AAA/Aaa/AAA) (KfW) in February this year has reached a total size of A$1 billion (US$937.4 million) following a tap of A$400 million on May 14.ICO back with A$200 million Roo tap [UPDATED]
Instituto de Crédito Official (AAA/Aaa/AAA) (ICO) launched and priced a A$200 million (US$187.52 million) increase to its 2012 Kangaroo bond on May 12, bringing the total outstanding in this line to A$1.2 billion.