Domestic bid predominates in ADB's new 2020 Kangaroo
- Thursday, 25 February 2010
The A$600 million (US$532.38 million) new 10-year Kangaroo transaction closed on February 25 by Asian Development Bank (ADB) (AAA/Aaa/AAA) saw the majority of bonds placed with domestic investors. The RBC Capital Markets (RBCCM) and UBS Investment Bank-led transaction priced at 78 basis points over April 2020 Australian government bonds or around 27 basis points over semi-annual swap.
