EIB proves Kangaroos are back to full health
The Kangaroo market provided the ultimate proof of its fully restored strength this week when the European Investment Bank (EIB), for which this market was closed just two months ago, printed a A$650m ($686m) 10 year bond from an A$800m book.
Lead managers Bank of America Merrill Lynch, Royal Bank of Scotland and TD Securities announced the 5% 10 year bond at A$500m on Wednesday. But strong demand, particularly out of Asia, sent books flying to A$800m by Thursday.
Kangaroo investors scepticism towards European credits since the eurozone havoc at
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