IADB returns to Kangaroo market with A$400 million new 2017 bond [UPDATED]

Inter-American Development Bank (IADB)(AAA/Aaa/AAA), priceda new five-year Kangaroo deal on September 19. This is the second five-year Kangaroo deal launched on September 18, with a favourable basis swap – although the five-year basis tightened to 35 basis points from 37.25 basis points in the past week according to National Australia Bank data – providing a tailwind.