Success for Latin America's first Kangaroo but regional supply likely to be limited

Latin America's first ever Kangaroo issuance opens the door for fellow issuers although intermediaries are doubtful that a flurry of similar deals will follow. Following its debut deal on August 21, Corporación Andina de Fomento (CAF) says this is the first step to becoming a frequent issuer in the Kangaroo market after it established an A$2 billion Australian MTN programme last month.