Kangaroo revival continues as KfW mandates 2017 tap

KfW Bankengruppe (KfW) (AAA/Aaa/AAA) mandated an increase to its March 2017 Kangaroo bond on June 22 in what is likely to become the third Kangaroo deal to price in two weeks following over a month with no issuance. The new transaction, which is being lead-managed by Deutsche Bank and TD Securities, will add to a line which currently has A$1.2 billion (US$1.1 billion) outstanding.