Alberta’s 25-year deal hints at further Kangaroo tenor extension
- Friday, 05 February 2021
The 25-year deal Province of Alberta priced on 3 February is the longest-ever tenor issued in the Kangaroo supranational, sovereign and agency (SSA) market, according to KangaNews data. The transaction’s lead manager, Daiwa Capital Markets, says it is a sign of the ongoing desire for longer tenor particularly among offshore investors, but warns that consistent execution of very long-dated Kangaroos remains challenging.
