Wells Fargo nets A$900 million in two-tranche Kangaroo return [UPDATED]
- Thursday, 17 January 2013
Issuance diversity made an early return to 2013's Kangaroo market, as Wells Fargo & Company (Wells Fargo) (A+/Aa2/A-) priced the year's first Kangaroo from a borrower outside the supranational, sovereign and agency (SSA) sector on January 17. The transaction is the issuer's first foray into the Australian dollar market since May 2007, and comes four months prior to the maturity of its only remaining outstanding Kangaroos.
