SNS Bank retires majority of only outstanding Kangaroo [UPDATED]
- Monday, 17 January 2011
SNS Bank (A-/A3/A-) has bought back the majority of paper in its single outstanding maturity in Australian dollars. The buyback reduces the original volume of A$200 million (US$199.4 million) on issue in each of the line's fixed and floating rate tranches, both of which are subordinated, by A$174.75 million and A$171.6 million respectively.
