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Kangaroo transactions from supranational and agency borrowers kicked off Australian dollar deal flow in the first week of 2022.

European Investment Bank kicked off the 2022 Kangaroo market Wednesday, pricing the largest-ever Australian dollar green, social and sustainability bond from a supranational, sovereign and agency borrower. The issuer says pricing was attractive versus its core-currency markets as it seeks greater investor diversification through its green- and sustainability-funding programmes.