NIB prices largest-ever Kangaroo but leads cautious on pipeline
- Thursday, 25 March 2010
Nordic Investment Bank (NIB) (AAA/Aaa) priced its first Kangaroo of 2010 on March 25, selling A$600 million (US$546.8 million) in two tranches in its largest Australian market transaction. This deal follows hot on the heels of Asian Development Bank's (AAA/Aaa/AAA) $450 million tap priced a day earlier, although lead manager sources say the immediate Kangaroo pipeline may be set to ease.
