Covered bond market heats up as Kangaroo activity simmers
- Friday, 10 June 2011
High-grade and international issuer activity dominated the Australian market this week, with Bank of New Zealand (BNZ)'s (AA/Aa2) covered bond the most eye-catching deal to close. There was also activity in the Kangaroo market from issuers in the supranational, sovereign and agency (SSA) sector, including a deal from a less-frequent borrower, while domestic credit issuance remained quiet.
