IFC shoots for sweet 10yr spot in Kangaroo market
The International Finance Corporation tapped its July 2020 Kangaroo for another A$400m ($392m) on Thursday, bringing the new total to A$900m. By choosing to tap its 10 year, the agency is shooting for the sweet spot in the SSA market, picking up around 10bp on the swap to dollars, despite a challenging relative value backdrop. ANZ, TD Securities and UBS were bookrunners.
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