World Bank returns to Kangaroo market with two taps

On January 17, World Bank (AAA/Aaa) mandated an increase to two of its Kangaroo lines – the October 2014 and October 2020 – in what will be the first taps to both lines. The forthcoming transactions are set to become the fifth and sixth deals to price in the Kangaroo market in 2011 and are expected to add significant volume to the A$2.2 billion (US$2.2 billion) of Kangaroos sold so far this year.