AfDB

African Development Bank re-opened its March 2022 Kangaroo notes on Tuesday following a tap of the same deal the day before.

The African Development Bank (AfDB) is visiting investors across Asia in anticipation of a dollar benchmark transaction which is expected in either August or September.

SSA Markets understands KfW is looking to issue a new five year Kangaroo line as soon as Tuesday, and that Export Development Canada (EDC) is also monitoring the market. The African Development Bank (AfDB) capitalised on the positive market tone on Monday to tap its 5.25% 2022s.

The International Finance Corp (IFC) answered investors’ prayers on Tuesday when it sold the second largest Kangaroo bond of the year.

The African Development Bank (AfDB) opened books on Tuesday on a Ugandan shilling bond. It is the issuer’s first entrance into a domestic capital market since it entered South Africa in 2007.

The Inter-American Development Bank (IADB) got into the Kangaroo market early on Friday when it priced a A$200m no grow 3.75% 10 year stealth issue ahead of what is expected to be a busy week of issuance in the sector.