KfW returns to tranquil Kangaroo market

KfW revisited the Kangaroo market this week with the development bank’s first issue since September 2 — a A$250m tap of its 6.25% 2021s. With sporadic deals only from top-rated sovereign, supranational and agency borrowers in the second half of 2011, Australian dollar market activity is set to remain limited until the end of the year.