Repo extension a pyrrhic victory for Kangaroo agencies
- Tuesday, 11 November 2008
Kangaroo issuers included in Reserve Bank of Australia (RBA)’s latest repo-eligibility criteria are unlikely to derive enormous benefits from the move as a result of minimal short-term demand for Kangaroo paper and serious questions over whether RBA will extend those issuers’ eligibility beyond the initial duration of the revision.
