First Kauri of 2008: EDC increase
On January 18 Export Development Canada (EDC) (AAA/Aaa) increased its November 2010 Kauri deal by NZ$100 million (US$76 million). The deal was led by Bank of New Zealand (BNZ) and RBC Capital Markets (RBCCM).
EIB mandates RBCCM for increase
On January 17 European Investment Bank (EIB) (AAA/Aaa/AAA) mandated RBC Capital Markets as sole lead for an increase to the A$800 million 6.125 per cent January 2017 Kangaroo bond. Pricing is expected on Friday January 18.
Triple-A Roo market rolling: ICO prices and two more launches
January 14 saw more positive signs for the Kangaroo market with Instituto de Crédito Official (AAA/Aaa/AAA) (ICO) pricing a A$200 million (US$179 million) increase to its 2012 bond on the same day two further deals launched.Three more Roos price as triple-A flow continues
The two remaining Kangaroo deals which launched on January 14 have priced, with both KfW Bankengruppe (AAA/Aaa/AAA) (KfW) and Asian Development Bank (AAA/Aaa/AAA) (ADB) increasing 2012 bonds by A$250 million (US$224.8 million).EIB prices new Roo while NIB upsizes and prices tap [UPDATE]
European Investment Bank (AAA/Aaa/AAA) (EIB) has priced the first new Kangaroo deal since last June, selling A$500 million (US$447.4 million) of 2012 paper on January 11.