World Bank set to round out strong week for Kanga market
The World Bank is expected to price two tranches of Kangaroo debt on debt on Friday, with a three year fixed rate tap and a new five year floating rate note. This week also saw issues at the long end from KfW and the African Development Bank, as well as a five year deal from Export Development Canada.
Citi and Westpac are offering guidance on the new five year notes at 21bp area over the quarterly bank bill swap rate, and on the tap of the World Bank’s A$1bn ($930.3m) 6% November 2016 paper at 10bp area over mid-swaps.
Next week is expected to see a
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