EUROFIMA completes busy day with Roo tap [UPDATED]
On May 9, the same day the agency debuted in the Kauri market, EUROFIMA (AAA/Aaa) increased its 2010 Kangaroo bond by A$150 million (US$141.15 million). The deal, which priced at 81 basis points over the benchmark 2010 ACGB, brings the total size of EUROFIMA’s 2010 line to A$850 million.IADB reopens Roo market after two-week lull [UPDATED]
Inter-American Development Bank (AAA/Aaa) (IADB) priced an A$150 million (US$142.08 million) increase to its 2010 Kangaroo bond on May 7 – the first Kangaroo transaction since a European Investment Bank tap on April 18.
APRA decision ends Aussie covered bond hopes
An April 29 announcement from Australian Prudential Regulation Authority (APRA) has killed off hopes that Australian financial institutions will be allowed to issue covered bonds in the near future – and may mean the products remain no more than a minor source of Kangaroo issuance.
New indices are first to include SSA Kauris [UPDATED]
The creators of two new New Zealand indices, which for the first time track the new wave of triple-A rated Kauri issuance in the country, are hopeful that the indices' adoption by local fund managers will help sustain demand for SSA bonds.EIB gets A$500 million done but market still difficult
After pricing a A$500 million (US$473.9 million) increase to its 2012 Kangaroo bond on April 18, European Investment Bank (AAA/Aaa/AAA) has acknowledged that the basis swap volatility which first entered the market just before Easter continues to be a barrier to deal making.