Pricing and safe-haven status offers potential for Canadian Kangaroos

Issuers and intermediaries involved in recent Kangaroo deals from Canadian borrowers say attractive Australian dollar pricing and investor demand for the perceived safe-haven status offered by Canadian credits could help clear the way for further flow. Late July saw a flurry of Kangaroo issuance that included a brace of Canadian-origin deals, including a debut, for a total of A$950 million (US$996.9 million).