EIB hoping for longer-dated Kangaroos after 2014 tap

Having increased the size of its new 2014 maturity Kangaroo bond to A$1 billion (US$800 million) on June 4, the European Investment Bank (EIB) (AAA/Aaa/AAA) says it is looking at a minimum term of five years for Kangaroo issuance but that demand is only starting to fall into place for longer-dated securities.