L-Bank euro-AUD could be first step towards new Kangaroo
- Thursday, 25 March 2010
On March 24 L-Bank (AA+/Aaa), the state development bank for Baden-Wuerttemberg, privately placed a A$75 million (US$68 million) two-year fixed rate euro-Aussie trade via Commonwealth Bank of Australia. The issuer says this is a positive sign for its prospects returning to the Kangaroo market after a three-year absence, as it proves there is definitely demand for the agency's paper in Aussie dollars.
