Kangaroo issuers expect to be busy in 2011 following record year

As a record issuance year draws to a close, high-grade Kangaroo borrowers remain confident that 2011 will also see substantial Australian market issuance. Even so, there are suggestions the torch may not burn as brightly next year as market participants wait for current volatility to play out and predict a narrower – but still favourable – basis swap range than had been expected 12 months ago.