Kangaroo bid remains offshore focused as deal flow returns
- Tuesday, 03 July 2012
Market participants confirm that the return of Kangaroo issuance in June – which included the year's largest deal so far, a A$1.1 billion (US$1.1 billion), two-tranche issue from the Asian Development Bank (ADB) – was driven by demand from outside Australia. However, active issuers say they continue to be content with the state of the market while there are hopes that domestic demand will return in time.
