Future Fund Update
David Murray, chairman of the Future Fund, told delegates at an Australian Institute of Company Directors lunch in Sydney on May 16 that the Future Fund will be operational by the end of June.Wells Fargo launches A$500 million deal [UPDATE]
Wells Fargo (AA+/Aa1) has returned to the Kangaroo market, pricing a A$500 million (US$413.77m) five-year bond on May 3 at 18 points over swap.Covenant protection in Sallie Mae's wake as LBOs hit financials [UPDATE]
Increased use of covenant protection could be an end result of the increased threat of private equity-fueled leveraged buyouts of financial institutions, credit analysts say.Kaupthing gives Roo market serious consideration
Kaupthing Bank (Aa3/A) – the biggest of the three Icelandic-based banks with international operations – may choose 2007 as the year to enter the Kangaroo market.HBOS enters market with subordinated A$600 million
Halifax Bank of Scotland (HBOS) (AA-/Aa2/AA) priced its first Kangaroo on April 20, coming to market with a 10-year non-call five A$600 million (US$498.9 million) subordinated lower Tier II offering.