Offshore only for KfW as Asia buys into Aussie yield
KfW’s A$550m tap of its 6.25% 2021s priced on Thursday marked the first time a Kangaroo bond was sold exclusively to offshore investors this year. Lead interest from non-Australian buyers allowed KfW to price one of the larger taps in recent months, despite deteriorating market sentiment ahead of the EU leaders’ summit on Thursday.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts