World Bank shows Kangaroo market SSAs the way to issue
The World Bank issued huge increases to its 2016 and 2019 Kangaroo bonds this week, setting a price and size example for the other SSA issuers in the market. The A$500m ($464m) 2016 tap and the A$900m ($836m) 2019 tap priced tightly, with spreads to swaps of 19bp and 21bp respectively.
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